Log In/Sign Up
Your email has been sent.
12618-12620 E 31st St 5,852 SF 100% Leased Retail Building Tulsa, OK 74146 $1,241,811 CAD ($212.20 CAD/SF) 7.80% Cap Rate
Investment Highlights
- 3 Year NNN Sale Lease-back
- Instant Cash Flow
- Great Location / High Traffic Intersection
Executive Summary
Property Type: Multi-tenant freestanding retail/mixed-use building (currently configured for two separate owner-operated companies) in excellent condition.
Building Size: 5,852 SF on a prominent site in southeast Tulsa's established commercial corridor (high-visibility location along E 31st)
Condition & Upgrades: Well-maintained with a new HVAC system for energy efficiency and tenant comfort; roof is older but in functional condition with no immediate issues reported.
Current Use/Occupancy: Fully owner-occupied and maintained to high standards, reflecting pride of ownership.
Lease Structure: Seller will execute a new 3-year NNN lease-back starting at $12.00 per square foot (Year 1 base rent = $70,224), with 3% annual increases. Tenant responsible for all taxes, insurance, CAM, and maintenance – providing immediate, predictable, and low-management cash flow.
Pricing & Yield: Offered at $900,000, delivering a stabilized ~7.8% cap rate on the lease-back NOI. This is attractive in the current Tulsa market where stabilized multi-tenant retail assets often trade in the 6.5–7.5% range.
Investment Merits: Rare opportunity for instant stabilization via seller lease-back (no vacancy risk during the initial 3-year term), strong cash-on-cash returns, and downside protection in a proven submarket with limited new retail supply and steady demand drivers.
Future Potential: Flexible mixed-use zoning allows for re-tenanting, owner-user occupancy, or adaptive reuse after the lease term in an area benefiting from Tulsa’s positive retail fundamentals (low vacancy trends and resilient consumer activity).
This is a turnkey net lease investment ideal for 1031 exchange buyers, private investors, or net lease funds seeking high-yield, low-effort single-tenant retail exposure in a growing Oklahoma market.
Building Size: 5,852 SF on a prominent site in southeast Tulsa's established commercial corridor (high-visibility location along E 31st)
Condition & Upgrades: Well-maintained with a new HVAC system for energy efficiency and tenant comfort; roof is older but in functional condition with no immediate issues reported.
Current Use/Occupancy: Fully owner-occupied and maintained to high standards, reflecting pride of ownership.
Lease Structure: Seller will execute a new 3-year NNN lease-back starting at $12.00 per square foot (Year 1 base rent = $70,224), with 3% annual increases. Tenant responsible for all taxes, insurance, CAM, and maintenance – providing immediate, predictable, and low-management cash flow.
Pricing & Yield: Offered at $900,000, delivering a stabilized ~7.8% cap rate on the lease-back NOI. This is attractive in the current Tulsa market where stabilized multi-tenant retail assets often trade in the 6.5–7.5% range.
Investment Merits: Rare opportunity for instant stabilization via seller lease-back (no vacancy risk during the initial 3-year term), strong cash-on-cash returns, and downside protection in a proven submarket with limited new retail supply and steady demand drivers.
Future Potential: Flexible mixed-use zoning allows for re-tenanting, owner-user occupancy, or adaptive reuse after the lease term in an area benefiting from Tulsa’s positive retail fundamentals (low vacancy trends and resilient consumer activity).
This is a turnkey net lease investment ideal for 1031 exchange buyers, private investors, or net lease funds seeking high-yield, low-effort single-tenant retail exposure in a growing Oklahoma market.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
5,852 SF
Building Class
C
Year Built/Renovated
1985/2023
Price
$1,241,811 CAD
Price Per SF
$212.20 CAD
Cap Rate
7.80%
NOI
$96,894 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
0.65 AC
Zoning
CS - Commercial
Parking
20 Spaces (3.42 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 75550-94-20-09450 | Improvements Assessment | $58,501 CAD |
| Land Assessment | $15,157 CAD | Total Assessment | $73,658 CAD |
Property Taxes
Parcel Number
75550-94-20-09450
Land Assessment
$15,157 CAD
Improvements Assessment
$58,501 CAD
Total Assessment
$73,658 CAD
1 of 46
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
12618-12620 E 31st St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.