71st St - Freestanding FOR SALE


Tulsa, OK 74132
$2,696,000 USD
415-231-5231
71st St, Tulsa, OK for Sale
$2,696,000 USD
Freestanding - FOR SALE
1/6
null | 5.75% Cap Rate

71st St
Tulsa, OK 74132


HIGHLIGHTS

  • New 10 Year Lease | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • Tulsa Hills Shopping Center | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Sherwin-Williams investment property located in Tulsa, Oklahoma. The tenant, Sherwin-Williams recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is a NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,696,000 USD

PRICE/SF

$539 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams | New 10yr Corp NN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

CS

APN/PARCEL ID

98202-82-02-57860

ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-231-5231

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Jeff GatesSRS Real Estate PartnersMore Info
415-231-5231

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