Join Our Email List

x
Email Capture
Sending
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

Submit Your 1031 Exchange Requirements

x
1031 Exchange
Sending

McAlister’s Deli Sale-Leaseback, Broken Arrow, OK

McAlister’s Deli Sale-Leaseback

Broken Arrow, OK

Price $2,782,000
Cap Rate 5.50%
NOI $153,000
Lease Term 20 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, Utilities, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 5% Rental Increases Every Five (5) Years
Year Built Call for Details
Building Size 4,149 SF
Lot Size 0.92 Acres (39,946 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Oklahoma-licensed real estate broker Investment Real Estate, LLC.

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» 20-year sale-leaseback effective upon closing, demonstrating tenant’s long-term commitment to the location
» Leased to The Saxton Group, the largest McAlister’s Deli franchisee, with over 80 McAlister’s Deli locations
» The Saxton Group has been ranked by Restaurant Finance Monitor as one of the 100 largest franchisees of any brand in the United States
» No landlord management, ideal for an out-of-area investor
» 5% rental increases every five years, providing a hedge against inflation

OUTPARCEL TO WALMART SUPERCENTER IN HIGH-TRAFFIC RETAIL CORRIDOR
» 46,851 vehicles per day at signalized intersection
» Convenient access to nearby Highway 51 (97,117 AADT), which serves as a primary route between Broken Arrow and downtown Tulsa
» Outparcel to Walmart Supercenter-anchored retail center
» Minutes away from Woodland Hills Mall, a super regional shopping mall with more than 165 stores, including over 80 stores that are not found anywhere else in Tulsa

DENSELY POPULATED AREA NEAR MAJOR SCHOOLS AND EMPLOYERS
» Near Northeastern State University (over 3,000 students and 800 employees), Tulsa Community College Southeast Campus (7,106 students), and Broken Arrow High School (3,637 students)
» Close to several commercial areas with massive concentrations of industrial employers
» Large customer base, with 193,239 residents living and 100,447 daytime employees working within a five-mile radius

PRIME TULSA MSA LOCATION
» The Tusla MSA is the second largest trade area in Oklahoma
» Broken Arrow is the largest suburb of Tulsa and is the fourth largest city in the state
» Tulsa is consistently ranked among the most affordable cities and best cities to start a business

Click Here to Download Offering Memorandum


Property Description

The property is conveniently located on North Aspen Avenue, with excellent visibility and access to 26,211 vehicles per day directly in front of the property. The property is just south of North Aspen Avenue’s signalized intersection with West Kenosha Street (20,640 AADT). Both roads provide convenient access to nearby Highway 51 (97,117 AADT), which serves as a primary route between Broken Arrow and downtown Tulsa. Located in a dense retail corridor, the property is outparcel to Redbud Corners, anchored by Walmart Supercenter and featuring notable tenants like Dollar Tree, Cato, Great Clips, GameStop, Cricket Wireless, and more. The property is also just minutes away from Woodland Hills Mall, a super regional shopping mall with more than 165 stores, including over 80 stores that are not found anywhere else in Tulsa. Other major retailers located near the property include Aldi, Kohl’s, Target, Advance Auto Parts, Dunkin’ Donuts, Starbucks, Ace Hardware, Walmart Neighborhood Market, Lowe’s, Dick’s Sporting Goods, and many others.

The property is centrally located and benefits from a strong customer base in the surrounding area. The property is adjacent to Immanuel Lutheran Christian Academy (280 students), and is just minutes from several other schools, including Northeastern State University (over 3,000 students and 800 employees), Tulsa Community College Southeast Campus (7,106 students), and Oklahoma’s largest high school, Broken Arrow High School (3,637 students). The property is also near commercial areas with massive concentrations of industrial employers, and several large employers are located nearby, including FlightSafety International (785 employees) and the corporate headquarters of QuikTrip (4,000 employees). The property is supported by a large residential and commercial customer base, with 193,239 residents living and 100,447 daytime employees working within a five-mile radius.

Contact Us About This Property

Mike & Scott Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link