Panera Bread Tulsa, Oklahoma

$2,912,621
Cap Rate: 5.15%
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 5.15%
Price: $2,912,621
Building Size: 5,013 SF
Annual Rent: $150,000
Price PSF: $581
Land Area: +/- 1.01 Acres
Year Built: 2018
Lease Type: NNN
Lease Term: 19 Years
Option Periods: 4, 5-Year Options
Rent Increases: 1.75% Annually Starting Year 5
Lease Expiration: 19 Years Upon COE

10752 S. Memorial Drive
Tulsa, OK 74133

Investment Highlights

  • New Construction | Built in 2018
  • Long-Term, 19-Year Absolute Triple Net Sale-Leaseback
  • Lease Commencement Upon Close of Escrow
  • 1.75% Rental Increases Annually Starting Year Five
  • 4, 5-Year Tenant Renewal Options, Bringing the Potential Lease Term to 39 Years
  • Dense Retail Corridor | Walmart, Costco Wholesale, Lowe’s, Target, Aldi, Walgreens, CVS Pharmacy, Burger King, Taco Bell, Holiday Inn & Suites, as well as Many Others
  • Strong Academic Presence | Less Than Five Miles From Tulsa Community College | Over 20,100 Students Enrolled
  • Strong Traffic Counts | Over 54,000 Vehicles Per Day Along S. Memorial Drive

 

 

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a newly built Panera Bread located at 10752 S. Memorial Drive in Tulsa, OK. This is an investment opportunity to participate in a direct sale leaseback with Traditional Bakery, Inc.. The newly constructed site will consist of roughly 5,013 rentable square feet of building space on estimated 1.01-acre parcel of land. The café opened in 2018.

Traditional Bakery, Inc., the franchisee operating entity, will enter into a brand new 19-year NNN sale leaseback with the purchaser upon close of escrow. The initial annual rent will be $150,000 and will increase by 1.75 percent annually starting year 5 throughout the term of the lease and in each option period. There will be four, five-year tenant renewal options, extending the total possible lease term to 39 years.


Broker of Records

Tim Speck

Lic # 149994

If new browser tab does not open to download the OM, make sure to check that your pop-up blocker is disabled.
You may also contact us at: 954-245-3592 or Click Here to Send Email

For More Information, Download OM: Click Here

Download Barry Wolfe V-Card

Download Alan Lipsky V-Card

7-Eleven - Boca Raton FLPlease Submit your Email to Download.

Aaron's OM - Bakersfield, CAPlease Submit your Email to Download.

Action Gator Tire - The Village FLPlease Submit your Email to Download.

Advance Auto - Jacksonville FLPlease Submit your Email to Download.

Arbys - Bellevue OHPlease Submit your Email to Download.

Arcadia Crossing - Arcadia FLPlease Submit your Email to Download.

Burger King - Chattanooga TNPlease Submit your Email to Download.

Cracker Barrel OM - Riverview, FLPlease Submit your Email to Download.

CVS - Poulsbo WAPlease Submit your Email to Download.

Dairy Queen - Hereford TXPlease Submit your Email to Download.

Dollar General - Lakeland FLPlease Submit your Email to Download.

Download FilePlease Submit your Email to Download.

Family Dollar Fresenius - Memphis TNPlease Submit your Email to Download.

Hallandale Plaza - Hallandale Beach FLPlease Submit your Email to Download.

McDonalds - Brooklyn NYPlease Submit your Email to Download.

Needham Gateway Shops - Needham MAPlease Submit your Email to Download.

OReilly Auto OM - Franklin Park ILPlease Submit your Email to Download.

OReilly Auto OM - Merrillville INPlease Submit your Email to Download.

Panera Bread - Fayetteville NCPlease Submit your Email to Download.

Panera Bread - Garner NCPlease Submit your Email to Download.

Panera Bread - Mesa AZPlease Submit your Email to Download.

Panera Bread - Midlothian VAPlease Submit your Email to Download.

Panera Bread - Suffolk VAPlease Submit your Email to Download.

Panera Bread - Tulsa OKPlease Submit your Email to Download.

Panera Bread - Woodstock ILPlease Submit your Email to Download.

Panera Bread Muncie, INPlease Submit your Email to Download.

Panera Bread OM - Goodyear, AZPlease Submit your Email to Download.

Panera Bread OM (Rocky Mount, NC)Please Submit your Email to Download.

Panera Bread OM (Plattsburgh, NY)Please Submit your Email to Download.

Peter Piper Pizza OM - North Lauderdale FLPlease Submit your Email to Download.

Redevelopment Opportunity - Tallahassee FloridaPlease Submit your Email to Download.

River Region - Jacksonville FLPlease Submit your Email to Download.

Riverview Plaza - Riverview FLPlease Submit your Email to Download.

Sample Road Plaza OM - Coral Springs, FLPlease Submit your Email to Download.

[dlm_email_lock id=9195

Sea Fan Plaza - Lauderdale by the Sea FLPlease Submit your Email to Download.

Shoppes on Old Dixie - Vero Beach FLPlease Submit your Email to Download.

Taco Bell - Chiefland FLPlease Submit your Email to Download.

Taco Bell - Hwy 90 - Lake City FLPlease Submit your Email to Download.

Taco Bell - Live Oak FLPlease Submit your Email to Download.

Taco Bell - MacClenny FLPlease Submit your Email to Download.

Taco Bell - Starke FLPlease Submit your Email to Download.

Taco Bell - SW Main - Lake City FLPlease Submit your Email to Download.

Tire Choice - Ocala FLPlease Submit your Email to Download.

Tire Choice OM - Lehigh Acres, FLPlease Submit your Email to Download.

Walgreens - Delray Beach FLPlease Submit your Email to Download.

Wendys OM - Zephyrhills FLPlease Submit your Email to Download.