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ABLE Transmission & Auto Care 1220 S Memorial Dr 8,990 SF Retail Building Tulsa, OK 74112 $959,564 ($106.74/SF) 8.50% Cap Rate
Investment Highlights
- Long Term Absolute NNN Lease
- Locally Experienced Automotive & Transmission Operator
- Located in Tulsa, One of Oklahoma’s Premier Markets
- Seventeen (17) Years of Lease Term Remaining
- Annual Scheduled Rental Increases Throughout the Lease Term
Executive Summary
Long Term Absolute NNN Lease
Locally Experienced Automotive & Transmission Operator
Annual Scheduled Rental Increases Throughout the Lease Term
Located in Tulsa, One of Oklahoma’s Premier Markets
Locally Experienced Automotive & Transmission Operator
Annual Scheduled Rental Increases Throughout the Lease Term
Located in Tulsa, One of Oklahoma’s Premier Markets
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,990 SF
Building Class
B
Year Built
2000
Price
$959,564
Price Per SF
$106.74
Cap Rate
8.50%
NOI
$81,563
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.93 AC
Zoning
CS
Parking
16 Spaces (2.07 Spaces per 1,000 SF Leased)
Frontage
174’ on Memorial Dr
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 42765-93-11-15270 | Improvements Assessment | $72,138 |
| Land Assessment | $13,607 | Total Assessment | $85,745 |
Property Taxes
Parcel Number
42765-93-11-15270
Land Assessment
$13,607
Improvements Assessment
$72,138
Total Assessment
$85,745
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ABLE Transmission & Auto Care | 1220 S Memorial Dr