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
