Owasso (Tulsa), OK 74055

Andy's Frozen Custard

Property Address

11502 East 96th Street North, Owasso, OK 74055, USA

Offering Summary

  • Price: $2,917,000
  • Lot Size: 0.83 Acres
  • Cap Rate: 6.00%
  • Year Built: 2022
  • Building SF: 1,500
  • Status: In Escrow
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 1.5 Percent Rental Increases Occurring Annually
  • Personal and Franchise Guaranty by a 15-Unit Operator
  • New High-Quality 2022 Construction with a Drive-Thru
  • Central Location in Owasso's Primary Retail Corridor - Notable Tenants Include Walmart, Sam's Club, Target, Lowe's, JCPenney, and Best Buy
  • 15 Unit Operator with 2 More Under Construction and 5 – 10 More Planned Over the Next 2 Years
  • Rapidly Growing Location within the Tulsa MSA - Households and Population Projected to Increase Between 11-12 Percent in the Immediate Area by 2026
  • Over 30,600 Cars/Day at the Corner of North Garrett Road and East 96th Street North
  • Immediately Off the Owasso Expressway/US-169 (52,200+ Cars/Day)
  • Within a 20-Minute Drive of Tulsa International Airport and Downtown Tulsa

Broker Information