Salad & Go - Owasso, OK
11360 East 96th Street North, Owasso, OK, 74055, US
¥185,176,000 | 74 sm
Asset description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a single-tenant QuikTrip gas & convenience store located at 9037 South Yale Avenue, Tulsa, OK.
Located ±9 miles southeast of downtown Tulsa in an affluent community ($138,500 average HHI), the Property is positioned in an excellent location directly north of Hwy 364 and at the signalized intersection of two major roadways: E. 91st Street and S. Yale Avenue (41,600+ VPD). Anchored by Whole Foods, this QuikTrip is the exclusive gas/convenience establishment within a ±1.3-mile radius, strategically catering to its retail corridor along Highway 364.
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Attributes
Asking price
¥497,753,000
Cap rate
5.85%
WAULT
3.7 years
Lease type
Absolute Triple Net
Building area net
374 sm
Media
Investment highlights
- Whole Foods anchored retail corridor along Hwy 364 (41,600+ VDP)
- Attractive CPI-based rental escalations every five years
- Recent 5-year lease renewal through July 2028
- Robust local demographics with 205,000 residents and an average HHI of $138,500
- Corporate guaranty from QuikTrip Corporation ("QT")
- Among the largest c-store operators with 1,085+ locations and $11B+ in revenue
- Absolute NNN lease structure with zero landlord expense responsibilities
- Purpose-built for QT who has 29+ years of successful operating history at this site
Contact brokers
QuikTrip - Tulsa, OK (Store #78) (0 Properties)
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Last updated
Sep 16, 2024
