6936 Elwood ave - Freestanding FOR SALE


Tulsa, OK 74132
$9,875,000 USD
480-221-4221
6936 Elwood ave, Tulsa, OK for Sale
$9,875,000 USD
Freestanding - FOR SALE
1/10
null | 6% Cap Rate

6936 Elwood ave
Tulsa, OK 74132


HIGHLIGHTS

  • Over 9 Years Remaining | Options To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited 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, REI investment property located in Tulsa, Oklahoma. The tenant, REI, has over 9 years of lease term remaining 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 NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$9,875,000 USD

PRICE/SF

$433 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

REI | 9yrs Corp NN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

204

LAND DETAILS

LAND ACRES

4.16 AC

LAND SF

181,210 SF

ZONING

CS

APN/PARCEL ID

73713820261310,98202-82-02-57860

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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