501 W Albany Street Broken Arrow, OK 74012
Single tenant net lease investment occupied by Ted's Cantina.
Type:Retail
Property size:
5,990 SFPrice / SF:
$534/SF- Added:
- Sep 4, 2024
- Days on Market:
- 604
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 501 W Albany Street
General Information
- Standard status
- Active
- Size
- 5,990 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agent Michael Rapella License #OK 158014
Listing office Newmark Robinson Park
Listing date Sep 4, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Newmark Robinson Park
Overview
Ted's Cantina Investment Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Conventional restaurants
Location Insight
- Map
- Local Demand
- City
- Broken Arrow
- County
- Wagoner
- State
- Oklahoma
- Longitude
- -95.7927464
- Latitude
- 36.073636
Nearby Similar for Sale
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
