Sherwin Williams | New 10yr Corp NN w/ Incrs | 71st St
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Sherwin Williams | New 10yr Corp NN w/ Incrs 71st St
5,000 SF Retail Building Tulsa, OK 74132 $2,696,000 ($539/SF) 5.75% Cap Rate
Investment Highlights
- New 10 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 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 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
5,000 SF
Building Class
C
Year Built
2024
Price
$2,696,000
Price Per SF
$539
Cap Rate
5.75%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Zoning
CS
Parking
28 Spaces (5.6 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Signage
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
Contacts
-
Jeff Gates -
Matthew Mousavi -
Patrick Luther -
Brian Wolfman -
SRS Real Estate Partners
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Sherwin Williams | New 10yr Corp NN w/ Incrs | 71st St
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