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Applebee's 11104 E 41st St 5,015 SF Retail Building Tulsa, OK 74146 $2,362,982 CAD ($471.18 CAD/SF) 6.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporately Operated Location
- Strong Retail Synergy
- Strong Consumer Base
- Strong Traffic Count
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for an Applebee's located at 11104 E 41st St, Tulsa, OK 74146. The site consists of roughly 5,015 rentable square feet of building space on an estimated 1.33-acre parcel of land. This Applebee's is subject to a 10-year Triple Net (NNN) lease, which commenced 5/1/2025. The current annual rent is $109,500 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,015 SF
Building Class
B
Year Built
2002
Price
$2,362,982 CAD
Price Per SF
$471.18 CAD
Cap Rate
6.44%
NOI
$152,204 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.33 AC
Frontage
80’ on 41st St
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 77983-94-30-39005 | Improvements Assessment | $216,497 CAD |
| Land Assessment | $78,657 CAD | Total Assessment | $295,154 CAD |
PROPERTY TAXES
Parcel Number
77983-94-30-39005
Land Assessment
$78,657 CAD
Improvements Assessment
$216,497 CAD
Total Assessment
$295,154 CAD
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Applebee's | 11104 E 41st St
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