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Hawaiian Bros 500 E Kenosha St 4,000 sq ft Retail Property Broken Arrow, OK 74012 £3,520,731 (£880.18/sq ft) 7.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 15-year absolute net lease featuring 10% rental increases every 5 years
- 2023 build-to-suit construction with double drive-thru on a large 1.42 acre lot
- Hawaiian Bros is a rapidly expanding QSR concept founded in 2018 with 60+ restaurants in 9 states
- Corporate guaranty from Hawaiian Bros, Inc. (see below)
- Ranked among the Top 25% most trafficked restaurants in Oklahoma over the past 12 months (per Placer.ai)
- Affluent demographics – $107,000 average household incomes within a 3-mile radius of the subject property
EXECUTIVE SUMMARY
Recent 2023 build-to-suit construction QSR building with double drive-thru. A 15-year absolute net Hawaiian Bros lease featuring 10% rental increases every 5 years and a full-term corporate guaranty. Subject property is located in Broken Arrow – a suburb of Tulsa experiencing significant economic development stimulating growth in the direct trade area.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Property Size
4,000 sq ft
Year Built
2023
Price
£3,520,731
Price per sq ft
£880.18
Yield
7.75%
NOI
£272,834
Tenancy
Single
Number of Floors
1
Plot ratio
0.06
Total Plot Size
1.42 ac
Use Class
R1
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 79313-84-02-57810 | Improvements Assessment | £225,318 |
| Land Assessment | £69,873 | Total Assessment | £295,191 |
PROPERTY TAXES
Parcel Number
79313-84-02-57810
Land Assessment
£69,873
Improvements Assessment
£225,318
Total Assessment
£295,191
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Hawaiian Bros | 500 E Kenosha St
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