501 W Albany Street, Broken Arrow, OK 74012

Building Details

Year Built

2023

Listing agent Michael Rapella License #OK 158014

Listing office Newmark Robinson Park Show Phone

Listing date Sep 4, 2024

Source Crexi

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Overview

The property at 501 W. Albany Street, Broken Arrow, OK 74012, is a single-tenant net lease investment occupied by Ted’s Cantina Escondido, a local restaurant group with seven locations. Constructed in 2023, the building is approximately 5,990 square feet. The property is located in Broken Arrow, Oklahoma, the fourth largest city in the state, with a population of 119,954. The surrounding area features numerous national retailers, six hotels with over 500 rooms, and the Ascension St. John Broken Arrow Hospital. Broken Arrow has experienced steady growth, averaging 1.3% annually between 2020 and 2024, driven by a strong economy and an average household income of $109,817. Projections indicate a further increase to $126,772 within the next five years. The city's economic success, convenient location, and high quality of life contribute to its position as one of Oklahoma’s most dynamic cities.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Broken Arrow

County

Wagoner

State

Oklahoma

Longitude

-95.7927464

Latitude

36.073636

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FAQs

What type of property is this?

Conventional restaurant - Single tenant net lease investment occupied by Ted's Cantina.

Where is this conventional restaurant located?

The property is located at 501 W Albany Street Broken Arrow, OK.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: New 2023 Construction: Minimizes maintenance costs and offers modern appeal; Single Tenant Net Lease: Provides a stable and passive income stream; Established Tenant: Leased to Ted’s Cantina Escondido, a local restaurant group with seven locations