Skip to main content

Grocery Store

Sprouts (NASDAQ: SFM) | Affluent Tulsa Suburb | Adjacent to CVS - Across Target & Costco

10111 S Memorial Dr, Tulsa, OK 74133

Listing Price: $11,529,070

Cap Rate
5.75%
Tenant Name
Sprouts
Years Remaining On Lease
6.4
Gross SF
24,950
Guarantor
Corporate Guarantee
Rentable SF
24,950
Price/Gross SF
$462.09
Lease Type
Double Net
Rent Per Square Feet
$26.57

Investment Overview

Tulsa is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. The population was 413,066 as of the 2020 census. It is the principal municipality of the Tulsa Metropolitan Area, a region with 1,015,331 residents. The city serves as the county seat of Tulsa County, the most densely populated county in Oklahoma, with urban development extending into Osage, Rogers, and Wagoner counties. Historically, a robust energy sector fueled Tulsa’s economy; however, today the city has diversified and leading sectors include finance, aviation, telecommunications and technology. Two institutions of higher education within the city have sports teams at the NCAA Division I level, Oral Roberts University, the University of Tulsa and University of Oklahoma -Tulsa Schusterman Center which is the second Campus after Norman. For most of the 20th century, the city held the nickname “Oil Capital of the World” and played a major role as one of the most important hubs for the American oil industry. The city has been called one of America’s most livable large cities by Partners for Livable Communities, Forbes, and Relocate America. FDi Magazine in 2009 ranked the city no. 8 in the U.S. for cities of the future. In 2012, Tulsa was ranked among the top 50 best cities in the United States by BusinessWeek.

Investment Highlights

  • Single Tenant Grocer - Lease Features a Favorable Increase in 2023 and Each Option. Tenant has Operated at this Location since 2013. Minimal Landlord Obligations. Roof Warranty in place up until 2033.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility near a Major Signalized Intersection with Daily Combined Traffic Counts Exceeding 70k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $126k within a 1-Mile Radius and over 172k People Residing within a 5-Mile Radius.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $126k within a 1-Mile Radius and over 172k People Residing within a 5-Mile Radius.
  • Strong Tenant - Sprouts (NASDAQ: SFM) is one of the Largest Specialty Retailers of Fresh, Natural and Organic Food in the U.S., with more than 340 Locations Currently Operating and an Annual Revenue of $6.46B+.
  • In Close Proximity to Tulsa Community College Southeast Campus - Oklahoma's Largest Two-Year Multi-Campus College. The State-of-the-Art Facility provides Numerous Areas of Study.
  • A Short Drive from Woodland Hills Mall - a 2-Level, 1+ Million Sq.Ft Super Regional Shopping Mall featuring more than 150 Shops and Restaurants.
  • In Close Proximity to Hillcrest Hospital South - a 180-Bed Acute Care Medical Center and Saint Francis Hospital South - a 96-Bed Community Hospital.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Grocery Store

Sprouts (NASDAQ: SFM) | Affluent Tulsa Suburb | Adjacent to CVS - Across Target & Costco

Listing Price: $11,529,070

Cap Rate
5.75%
Tenant Name
Sprouts
Years Remaining On Lease
6.4
Gross SF
24,950
Guarantor
Corporate Guarantee
Rentable SF
24,950
Price/Gross SF
$462.09
Lease Type
Double Net
Rent Per Square Feet
$26.57

Investment Highlights

  • Single Tenant Grocer - Lease Features a Favorable Increase in 2023 and Each Option. Tenant has Operated at this Location since 2013. Minimal Landlord Obligations. Roof Warranty in place up until 2033.
  • Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility near a Major Signalized Intersection with Daily Combined Traffic Counts Exceeding 70k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $126k within a 1-Mile Radius and over 172k People Residing within a 5-Mile Radius.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $126k within a 1-Mile Radius and over 172k People Residing within a 5-Mile Radius.
  • Strong Tenant - Sprouts (NASDAQ: SFM) is one of the Largest Specialty Retailers of Fresh, Natural and Organic Food in the U.S., with more than 340 Locations Currently Operating and an Annual Revenue of $6.46B+.
  • In Close Proximity to Tulsa Community College Southeast Campus - Oklahoma's Largest Two-Year Multi-Campus College. The State-of-the-Art Facility provides Numerous Areas of Study.
  • A Short Drive from Woodland Hills Mall - a 2-Level, 1+ Million Sq.Ft Super Regional Shopping Mall featuring more than 150 Shops and Restaurants.
  • In Close Proximity to Hillcrest Hospital South - a 180-Bed Acute Care Medical Center and Saint Francis Hospital South - a 96-Bed Community Hospital.

Investment Overview

Tulsa is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. The population was 413,066 as of the 2020 census. It is the principal municipality of the Tulsa Metropolitan Area, a region with 1,015,331 residents. The city serves as the county seat of Tulsa County, the most densely populated county in Oklahoma, with urban development extending into Osage, Rogers, and Wagoner counties. Historically, a robust energy sector fueled Tulsa’s economy; however, today the city has diversified and leading sectors include finance, aviation, telecommunications and technology. Two institutions of higher education within the city have sports teams at the NCAA Division I level, Oral Roberts University, the University of Tulsa and University of Oklahoma -Tulsa Schusterman Center which is the second Campus after Norman. For most of the 20th century, the city held the nickname “Oil Capital of the World” and played a major role as one of the most important hubs for the American oil industry. The city has been called one of America’s most livable large cities by Partners for Livable Communities, Forbes, and Relocate America. FDi Magazine in 2009 ranked the city no. 8 in the U.S. for cities of the future. In 2012, Tulsa was ranked among the top 50 best cities in the United States by BusinessWeek.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

MM Texture Background
MM Textured Background Lower