409 W 71st St - Bank FOR SALE


Tulsa, OK 74132
$2,474,000 USD
415-231-5231
409 W 71st St, Tulsa, OK for Sale
$2,474,000 USD
Bank - FOR SALE
1/7
null | 4.75% Cap Rate

409 W 71st St
Tulsa, OK 74132


HIGHLIGHTS

  • Brand New, 20-Year Ground Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Outparcel to REI Anchored Center | Tulsa Hills Shopping Center
  • Strong Demographics In The Immediate Trade Area

OVERVIEW

• JPMorgan Chase Bank (S&P: AA-) Corporate signed lease • 20 years remaining with 6 (5-year) option periods to extend • The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option

FOR SALE DETAILS

PRICE

$2,474,000 USD

PRICE/SF

$1,237 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Chase | New 20yr Abs NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

CS

APN/PARCEL ID

73713820261350

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 Notice.