2235 E 61st St - Storefront FOR SALE


Tulsa, OK 74136
$5,314,000 USD
918-794-9728
2235 E 61st St, Tulsa, OK for Sale
$5,314,000 USD
Storefront - FOR SALE
1/6
null | 7% Cap Rate

2235 E 61st St
Tulsa, OK 74136


HIGHLIGHTS

  • Investment Grade Parent Credits
  • Brand New Redevelopment
  • Proximity to Southern Hills Country Club
  • NNN Lease Structures
  • Diversified Retail and Medical Tenant Mix
  • Busy Retail Intersection With 38K+ VPD

OVERVIEW

Northmarq is pleased to exclusively offer for sale to qualified investors the opportunity to acquire the Southern Hills Multi-Tenant Retail Center located at 2235 E 61st Street in Tulsa, Oklahoma (the “Property”). The Property consists of a ± 29,785 SF building on ± 2.5 acres and is leased to Dollar Tree Stores and ArchWell Health. This is a redevelopment that was recently completed in 2023 to fit the Tenants’ exact specifications. Dollar Tree/Family Dollar Stores and ArchWell Health signed 7.4 and 10-year net leases which commenced September 2023 and June 2023, respectively. Additionally, MidFirst Bank has signed a 5-year ground lease for a portion of the parking lot on the southeast side of the Property to be used for an ATM.

FOR SALE DETAILS

PRICE

$5,314,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southern Hills Multi-Tenant Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

CS

APN/PARCEL ID

39875-93-31-13480

ASK ABOUT THIS PROPERTY

Jonathan AmeenNorthmarqMore Info
918-794-9728

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Jonathan AmeenNorthmarqMore Info
918-794-9728

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.