August 9, 2022 – Kyle Danielson of Horvath & Tremblay has successfully completed the sale of Whataburger Ground Lease in Glenpool (Tulsa), Oklahoma. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1,320,000.
Whataburger is located at 12110 S Waco Avenue in Glenpool (Tulsa), Oklahoma. The stand-alone building consists of 3,230 square feet and sits on 0.56 acres of land. The building was constructed for Whataburger in 2016 and they have 9 years remaining on a corporately backed, Absolute NNN Ground Lease with three (3), 5-Year Renewal Options. The lease features scheduled 5% rent increases every five years throughout both the current term and the option periods. Whataburger is adjacent to a Walmart Supercenter and the newly constructed Glenpool Conference Center, a premier Tulsa event venue able to accommodate up to 500 people; The conference center serves the business community in the entire southwest region with flexible meeting space to hold job fairs, workplace training, or other social functions. At the intersection of US Route 75 (49,203 VPD) and West 121st Street, the Whataburger is an excellent location to take advantage of broader area shoppers from the Walmart Supercenter, multiple hotels, and the Glenpool Conference Center. Highway 75 is the primary north-south arterial between Dallas and Kansas City and provides quick, four-lane expressway access to downtown Tulsa taking 15 minutes from Glenpool.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.