12618-12620 E 31st St - Freestanding FOR SALE


Tulsa, OK 74146- Outer East Tulsa
$1,097,250 USD
832-769-1128
12618-12620 E 31st St, Tulsa, OK for Sale
$1,097,250 USD
Freestanding - FOR SALE
1/45
null | 8% Cap Rate

12618-12620 E 31st St
Tulsa, OK 74146
Outer East Tulsa


HIGHLIGHTS

  • 3 Year NNN Sale Lease-back
  • Great Location / High Traffic Intersection
  • Instant Cash Flow

OVERVIEW

Freestanding Retail/Mixed-Use Investment – Stabilized 8% Cap Rate with Seller Lease-Back Property Type: Multi-tenant freestanding retail/mixed-use building (currently configured for two separate owner-operated companies) in excellent condition. Building Size: 5,852 SF on a prominent site in southeast Tulsa's established commercial corridor (high-visibility location along E 31st Street, ZIP 74146). Condition & Upgrades: Well-maintained with a new HVAC system for energy efficiency and tenant comfort; roof is older but in functional condition with no immediate issues reported. Current Use/Occupancy: Fully owner-occupied and maintained to high standards, reflecting pride of ownership. Lease Structure: Seller will execute a new 3-year NNN lease-back at $15.00 per square foot (annual base rent ˜ $87,780), with tenant responsible for all taxes, insurance, CAM, and maintenance – providing immediate, predictable, and low-management cash flow. Pricing & Yield: Offered at $1,097,250, delivering an attractive 8.0% cap rate on the lease-back NOI – compelling in the current Tulsa market where stabilized multi-tenant retail assets often trade in the 6.5-7.5% range (with national single-tenant retail cap rates stabilizing around 6.8% in recent periods). Investment Merits: Rare opportunity for instant stabilization via seller credit (no vacancy risk during initial term), strong cash-on-cash returns, and downside protection in a proven submarket with limited new retail supply and steady demand drivers. Future Potential: Flexible mixed-use zoning allows for re-tenanting, owner-user occupancy, or adaptive reuse post-lease term in an area benefiting from Tulsa's positive retail fundamentals (low vacancy trends and resilient consumer activity). This is a turnkey net lease investment ideal for 1031 exchange buyers, private investors, or net lease funds seeking high-yield, low-effort single-tenant retail exposure in a growing Oklahoma market.

FOR SALE DETAILS

PRICE

$1,097,250 USD

PRICE/SF

$188 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,500 SF

ZONING

CS

APN/PARCEL ID

75550-94-20-09450

ASK ABOUT THIS PROPERTY

Dakota OwenSVN | Oak Realty AdvisorsMore Info
832-769-1128

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Dakota OwenSVN | Oak Realty AdvisorsMore Info
832-769-1128

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