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1820 N Lewis Ave
Tulsa, OK 74110
Retail Property For Sale


Executive Summary
?Absolute Net (NNN) Dollar General Features Zero Landlord Responsibilities And A Prime Corner Location At The Intersection Of North Lewis Avenue And East Tecumseh Street, Benefiting From Daily Traffic Counts Exceeding 9,100 Vehicles And Strong Visibility To Area Consumers
?A Corporate Guarantee From Dollar General, A Leading National Retailer With More Than 20,000 Locations Nationwide And A BBB Credit Rating From S&P, Offering Investors The Confidence Of An Established And Creditworthy Tenant
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The Property Benefits From Outstanding Demographic Characteristics, Including More Than 144,200 Residents Within A 5-Mile Radius And Average Annual Household Incomes Exceeding $71,800, Supporting Long Term Tenant Success
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Backed By Approximately 7.5 Years Remaining On The Base Lease Term, The Property Benefits From 10% Rent Increases In Each Option Period, Delivering Long Term Income Security And A Strong Hedge Against Inflation
?Situated Just 3.5 Miles From Downtown Tulsa, The Subject Property Occupies A Prime Location Within The Heart Of The Tulsa MSA, Providing Access To A Metropolitan Population Of More Than 1.1 Million Residents And Strong Long-Term Consumer Demand
?Positioned Within 2 Miles From Four Highly Attended Schools, Springdale Elementary, Celia Clinton Elementary, Sequoyah Elementary, And Booker T. Washington High , with Combined Enrollment Exceeding 2,500 Students, Helping Support Recurring Traffic
?A Corporate Guarantee From Dollar General, A Leading National Retailer With More Than 20,000 Locations Nationwide And A BBB Credit Rating From S&P, Offering Investors The Confidence Of An Established And Creditworthy Tenant
?
The Property Benefits From Outstanding Demographic Characteristics, Including More Than 144,200 Residents Within A 5-Mile Radius And Average Annual Household Incomes Exceeding $71,800, Supporting Long Term Tenant Success
?
Backed By Approximately 7.5 Years Remaining On The Base Lease Term, The Property Benefits From 10% Rent Increases In Each Option Period, Delivering Long Term Income Security And A Strong Hedge Against Inflation
?Situated Just 3.5 Miles From Downtown Tulsa, The Subject Property Occupies A Prime Location Within The Heart Of The Tulsa MSA, Providing Access To A Metropolitan Population Of More Than 1.1 Million Residents And Strong Long-Term Consumer Demand
?Positioned Within 2 Miles From Four Highly Attended Schools, Springdale Elementary, Celia Clinton Elementary, Sequoyah Elementary, And Booker T. Washington High , with Combined Enrollment Exceeding 2,500 Students, Helping Support Recurring Traffic
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,230 SF
Building Class
C
Year Built
2018
Price
$1,341,231
Price Per SF
$145.31
Cap Rate
6.50%
NOI
$87,180
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.12 AC
Parking
27 Spaces (2.93 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Numbers | Improvements Assessment | $112,002 | |
| Land Assessment | $14,300 | Total Assessment | $126,302 |
Property Taxes
Parcel Numbers
Land Assessment
$14,300
Improvements Assessment
$112,002
Total Assessment
$126,302
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