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Hawaiian Bros 500 E Kenosha St 4,000 SF Retail Building Broken Arrow, OK 74012 $6,573,387 CAD ($1,643.35 CAD/SF) 7.75% Cap Rate
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
Build to Suit
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Year Built
2023
Price
$6,573,387 CAD
Price Per SF
$1,643.35 CAD
Cap Rate
7.75%
NOI
$509,395 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.42 AC
Zoning
R1
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 79313-84-02-57810 | Improvements Assessment | $421,665 CAD |
| Land Assessment | $130,761 CAD | Total Assessment | $552,425 CAD |
PROPERTY TAXES
Parcel Number
79313-84-02-57810
Land Assessment
$130,761 CAD
Improvements Assessment
$421,665 CAD
Total Assessment
$552,425 CAD
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Hawaiian Bros | 500 E Kenosha St
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