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Property profile & analytics
FOR SALE
Turn key restaurants

7315 S Memorial Dr Tulsa, OK 74133

7,766 SF 1.56 ac lot Built 1979
Entity Owned 5-yr Hold Free & Clear
Property ID
US69-0060283
7315 S Memorial Dr, Tulsa, OK 74133 For Sale
$1,995,000 7,766 SF
7315 S Memorial Dr, Tulsa, OK 74133
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Property summary
AI-generated overview

This exceptional 7,766-square-foot shopping center presents a compelling investment opportunity in Tulsa, Oklahoma. Located at 7315 S Memorial Dr, this fully remodeled property sits on a sizable 1.56-acre lot, offering ample parking and significant development potential. Currently leased through 2033 under a triple-net (NNN) lease, the property boasts a strong cash flow with an asking price of $2,400,000, representing a 6% capitalization rate. The building is situated on South Memorial Drive, just south of 71st Street, benefiting from high visibility and convenient access. Zoned CS, the property allows for a variety of uses and presents the possibility of creating additional pad sites, further enhancing its value and income potential. The substantial lot size and existing lease provide a secure investment with long-term growth prospects. This is an ideal opportunity for investors seeking a stable, high-return retail property in a prime Tulsa location. The property's size, location, and existing lease make it a particularly attractive investment. The potential for future development adds to its overall appeal.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Construction STEEL FRAME
Total area 7,766 SF
Lot 1.56 ac (67,910 SF)
Zoning code CS
APN 75625-83-12-05985
UPID US69-0060283
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Headies Dispensary (Bike/Boat/Book/etc) Store
  • Supreme Heights Premium Cannabis (Bike/Boat/Book/etc) Store
  • Sobahn Menu Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Lubarje LLC · 5 yrs held
Lubarje LLC
since 2020
Last sale
$425,000
4 recorded transactions
2020
Price N/A
2020
$824,667
2006
Price N/A
2002
$425,000
Zoning & alternative use
CS · Tulsa, OK
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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