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Description

The Ficke Team of Colliers presents a newly developed Chipotle Mexican Grill investment opportunity located at 11051 E 41st St within a high-visibility retail corridor. Completed in 2025 as a build-to-suit, the property features a 2,243-square-foot freestanding building on a 0.71-acre site, secured by a new 15-year absolute NNN lease with 10% rent escalations every five years and four additional five-year renewal options, ensuring stable, long-term income. Positioned along East 41st Street with traffic counts exceeding 25,000 vehicles per day, the site benefits from strong visibility and is surrounded by a dense mix of national and regional retailers, multifamily communities, office users, and hospitality assets, including Reasor’s Grocery, QuikTrip, Taco Bell, Panda Express, McDonald's, Chase Bank, Jack in the Box, Arby's, and Sonic. The immediate area is further supported by a nearby adaptive reuse project converting a building into a 150+ unit multifamily development, enhancing the consumer base. Located in Tulsa—the state’s second-largest city with a diverse economy and strong infrastructure—the asset is well-positioned within a dynamic retail hub that supports sustained tenant demand and long-term investment stability.

Listing Details

  • Cap Rate

    5.15%

  • Tenancy

    Single

  • Space Type

    retail

  • Sub Category

    fast-food

  • Sale Type

    1031 Exchange

  • Date Listed

    4/21/2026

  • Broker/Agent Co-op

    Yes

  • Net Operating Income

    $175,000

  • Ground Lease

    No

  • Building FAR

    0.07

Property Specifics

  • Property Name

    11051 41st st

  • Property Class

    B

  • No of Buildings

    1

  • No of Stories

    1

  • Year Built

    2025

  • Building Size

    2,243 SF

  • Lot Size

    0.71 Ac

  • APN

    75452-94-19-01240

  • Zoning

    CN

  • Occupancy

    100%

Property Amenities

Location Amenities

Airport
Banking
Public Transportation
Restaurants