Salad and Go

2325 East 71st Street, Tulsa, OK 74136

$2,276,000

Cap Rate 6.50%

Views: 187 DOM: 100 Updated: 09.12.24 Posted: 09.12.24 Status: Active 09.12.24

Summary

Price $2,276,000	Built/Renov 2023	Tenant Salad and Go
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 865	Lease Start 10-01-2023	#Units 121
Price/SF $2,631.21	Expiration 10-01-2043	Tenant Type Fast Food/QSR
NOI $147,946	R. Term 18.9	Ownership Fee Simple
Rent/SF $171.04	Increases 10.0%/5/yrs	Pop 5Mi 195,604
Lot/AC 0.48	Options 4/5yrs/10%	AHHI 5Mi $99,975

Lease Highlights

Brand-new 2023 construction
Salad and Go recently signed a brand-new 20-year lease with 4 (5-year) options
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Salad and Go is located along E. 71st St, a major retail and commuter thoroughfare, with access to 44,300 vehicles passing by daily. The property is conveniently situated near the signalized, hard corner intersection of E. 71st St and S. Lewis Ave (75,800 VPD). The site is located just east of Tulsa Hills Shopping Center, the number 2 ranked power center in Oklahoma that serves over 7.6M...

...

Key Features

New construction
Major thoroughfare
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

...

Links

Salad and Go Wikipedia Salad and Go Wikipedia Tulsa, Oklahoma Zip Code 74136 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Salad and Go
Guarantor:Corporate
Company:And Go Concepts, LLC
# Units:121
Stock:Private

About Tenant

Founded in 2013 in Gilbert AZ, Salad and Go is a gourmet salad drive-thru restaurant chain located throughout the Phoenix Valley. The chain’s mission is to make ready-to-eat food available and...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	15,467	80,633	198,611
2023 Total Population :	15,098	79,277	195,604
2023 Employed Civilian Pop :	7,566	40,850	101,006
2023 Total Businesses :	700	4,746	10,778
2023 Average Household Income :	$ 64,966	$ 86,618	$ 99,975
2023 Total Consumer Spending :	$ 354 M	$ 2784 M	$ 7449 M
2023 Median Age :	29	39	40
2023 Total Households :	6,192	36,994	86,315
2023 Pop Age 25+: Bachelor's Degree :	1,765	15,606	40,838
2023 Average Home Value :	$ 281,930	$ 310,917	$ 319,855

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Lewis Ave	E 71st St	2017	28,000	0.09 mi
S Lewis Ave	E 72nd Pl	2017	23,900	0.16 mi
E 71st St	S Wheeling Ave	2017	30,800	0.27 mi
East 71st Street South	S Wheeling Ave	2019	26,900	0.36 mi
E 71st St	S Columbia Ave	2017	37,100	0.47 mi
South Lewis Avenue		2019	21,600	0.48 mi
East 71st Street South		2019	24,600	0.58 mi
South Lewis Avenue		2019	18,300	0.59 mi
S Lewis Ave	E 81st St	2017	19,500	0.74 mi
E 71st St	S Quincy Ave	2017	30,100	0.82 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
50661 Views
165 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
46243 Views
137 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

...

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT