500 Kenosha St Broken Arrow, OK 74012-1921

Property Details for 500 Kenosha St

Lot size

1.42 lot acres

Zone code

C5

Property type

Commercial land

APN

79313-84-02-57810

APU

79313840257810

Description

This exceptional investment opportunity presents a fee-simple ownership of a 4,000-square-foot Hawaiian Bros restaurant in Broken Arrow, Oklahoma. The property, built in 2024, sits on a 1.08-acre lot at a high-traffic intersection (21,368 CPD) with excellent visibility. The single-tenant building features a triple drive-thru configuration, including a dedicated mobile order pickup lane, maximizing operational efficiency. The property benefits from a 14-year remaining lease term (initial 15-year lease commencing January 22, 2024, expiring February 28, 2039) with a corporate guarantee from Hawaiian Bros, a rapidly expanding franchise with over 56 locations nationwide. The lease is an Absolute NNN, with a 7.25% cap rate and a strong NOI of $364,917. Rent increases are built in, with a 10% escalation every five years. The property is zoned C and enjoys proximity to major retailers such as Target, Walmart, and Bass Pro Shops, as well as educational institutions (University of Tulsa, University of Oklahoma-Tulsa) and Saint Francis Hospital. Three five-year renewal options further enhance the long-term value of this investment. The property boasts a 4.9-star Google rating (2,041 reviews) and is situated in a densely populated area with a high average household income. This is a rare opportunity to acquire a high-performing, net-leased asset with significant upside potential. The asking price is $5,033,000.