RibCrib BBQ

121 West Kenosha Street, Broken Arrow, OK 74012

$2,877,900

Cap Rate 6.75%

Views: 61 DOM: 39 Updated: 12.02.24 Posted: 11.12.24 Status: Active

Summary

Price $2,877,900	Built/Renov 2016	Tenant RibCrib BBQ
Cap Rate 6.75%	Lease Type Double NN	Guarantor Corporate
Size/SF 4,606	Lease Start 08-01-2016	#Units 60
Price/SF $624.82	Expiration 07-31-2031	Tenant Type Casual Dining
NOI $194,254	R. Term 6.7	Ownership Fee Simple
Rent/SF $42.17	Increases 5.0%/5/yrs	Pop 5Mi 165,947
Lot/AC 1.27	Options 3/5yrs/5%	AHHI 5Mi $98,896

Lease Highlights

RibCrib has 6+ years remaining on its current lease term with 3 (5-year) renewal options
The lease features 5% rental increases every 5 years, including options
NN lease | Minimal landlord responsibilities
Corporate guaranteed lease

Location Description

RibCrib is located in Broken Arrow, Oklahoma, a vibrant suburb of Tulsa. Positioned along W Kenosha Street, this property benefits from an average daily traffic count of 23,313 vehicles and proximity to Highway 51, with an impressive 87,300 vehicles per day. Nearby major retailers include Bass Pro Shops, Target, Dick’s Sporting Goods, Chick-fil-A, Raising Cane’s, Starbucks, Hobby Lobby,...

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Key Features

High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Strategically located
Strong tenant synergy
Highway close
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent suburb location
Corporate Guarantee

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Links

RibCrib BBQ Wikipedia Broken Arrow, Oklahoma Zip Code 74012 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: RibCrib BBQ
Guarantor:Corporate
Company:The Rib Crib BBQ, Inc.
# Units:60
Stock:Private

About Tenant

RibCrib is a regional chain restaurant that specializes in hickory-smoked barbecue and smoked meats in a casual, comfortable setting. The barbecue joint’s signature recipe is in its slow-smoked...

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Listing Broker

Keith Sturm

Upland Real Estate Group, Inc.

Contact

68 Listings
8120 Views
15 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

68 Listings
8120 Views
15 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Deb Vannelli

Upland Real Estate Group, Inc.

Contact

68 Listings
8120 Views
15 Sold

Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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