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Tinger Federal Credit Union 5608 Aspen Ave 5,230 SF Retail Building Broken Arrow, OK 74011 $3,607,474 CAD ($689.77 CAD/SF) 5% Cap Rate
Investment Highlights
- Brand New 20-Year Lease | Options To Extend | Strong Tenant | Scheduled Rental Increases | Drive-Thru Equipped
- A Part of a Newly Developed Center | High Traffic Counts Dense Retail Corridor | Excellent Visibility
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Newly executed 20-year lease with 3 (5-year) options to extend
• The lease features 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• Tinker Federal Credit Union is the largest credit union in Oklahoma, serving over 470,000 members with approximately $6.1 billion in assets, demonstrating strong financial stability
• The site features multiple drive-thrus, providing convenience and efficient service for customers
• The lease features 10% rental increases every five years and at the beginning of each option period, steadily increasing NOI and providing a hedge against inflation
• Tinker Federal Credit Union is the largest credit union in Oklahoma, serving over 470,000 members with approximately $6.1 billion in assets, demonstrating strong financial stability
• The site features multiple drive-thrus, providing convenience and efficient service for customers
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
5,230 SF
Year Built
2026
Construction Status
Under Construction
Price
$3,607,474 CAD
Price Per SF
$689.77 CAD
Cap Rate
5%
NOI
$180,374 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.37 AC
Zoning
CH - Commercial Heavy
Parking
22 Spaces (4.21 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 6
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Tinger Federal Credit Union | 5608 Aspen Ave
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