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Retail • For Sale

Kum & Go Store #887 | 1111 W 81st St S, Tulsa, OK 74132

4,850 SF · $4,550,000

Available Immediately

4850 sq. ft. retail space for sale in South Tulsa, OK near Tulsa Hills Shopping Center (1.2 mil. sq. ft.). Current tenant is Kum & Go, 28th largest convenience store in U.S. Currently in 8th year of 20 year primary lease. NOI Increases to $220,660.00 in December 2024 (10% increase). Four 5 Year renewal periods (5% increases). Absolute Net Lease - No Landlord Responsibilities. 100% Bonus Depreciation. Corporate environmental indemnification

Property Details


Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Convenience Store

Building Size

4,850 SF

Building Class

B

Year Built

2012

Price

$4,550,000

Price Per SF

$938

Cap Rate

4.41%

NOI

$200,600

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Land Acres

1.53 AC

Zoning

CO

Parking

58 Spaces (8.92 Spaces per 1,000 SF Leased)

Frontage

278 FT on 81st St, 243 FT on Olympia Ave

Opportunity Zone

No


Features


Freeway Visibility

Pylon Sign

Absolute Net Lease


Attachments


Offering Memorandum  

Property Taxes


Parcel Number

73709-82-11-62320

Improvements Assessment

$1,108,500

Land Assessment

$1,200,000

Total Assessment

$2,308,500


Transportation


 Tulsa International Airport

26 min drive

17.3 mi


Location



All Property Photos