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Sherwin Williams | New 10yr Corp NN w/ Incrs 71st St 4,587 SF Retail Building Tulsa, OK 74132 $2,583,000 ($563.11/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- New 12 Year Lease | Options To Extend | Scheduled Rental Increases
- Tulsa Hills Shopping Center | Dense Retail Corridor
- NN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Sherwin-Williams investment property located in Tulsa, Oklahoma. The tenant, Sherwin-Williams recently signed a brand new 12 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 6 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is a NN with limited landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,587 SF
Building Class
C
Year Built
2024
Price
$2,583,000
Price Per SF
$563.11
Cap Rate
6%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Zoning
CS
Parking
28 Spaces (6.1 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sherwin Willliams
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sherwin Willliams | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 98202-82-02-57860 | Improvements Assessment | $0 |
| Land Assessment | $330,000 | Total Assessment | $330,000 |
PROPERTY TAXES
Parcel Number
98202-82-02-57860
Land Assessment
$330,000
Improvements Assessment
$0
Total Assessment
$330,000
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Sherwin Williams | New 10yr Corp NN w/ Incrs | 71st St
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