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Views: 24 DOM: 9 Updated: 11.12.24 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 6.8
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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Maps

  • 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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