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Multi-Tenant Retail & Medical 2235 E 61st St 29,785 SF 100% Leased Retail Building Tulsa, OK 74136 $7,212,719 CAD ($242.16 CAD/SF) 7.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment Grade Parent Credits
- NNN Lease Structure
- Healthcare Industry & Diversified Use
- Newly Redeveloped in 2023
- Low Price Per Square Foot
- Busy Retail Trade Area: 43,800 VPD
EXECUTIVE SUMMARY
Northmarq is pleased to exclusively offer for sale to qualified investors the opportunity to acquire the Southern Hills Multi-Tenant Retail & Medical Center located at 2235 E 61st Street in Tulsa, Oklahoma (the “Property”). The Property consists of a ±29,785 SF building on ±2.5 acres and is leased to Dollar Tree and ArchWell Health. This is a redevelopment that was recently completed in 2023 to fit the Tenants’ exact specifications.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
29,785 SF
Building Class
C
Year Built/Renovated
1969/2023
Price
$7,212,719 CAD
Price Per SF
$242.16 CAD
Cap Rate
7.20%
NOI
$519,245 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.27
Lot Size
2.50 AC
Zoning
CS - Commercial Shopping
Parking
120 Spaces (4.03 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Archwell Health
- Health Care and Social Assistance
- 10,000 SF
- -
- Triple Net
- Jun 2033
- Dollar Tree
- Retailer
- 19,785 SF
- -
- Triple Net
- Feb 2031
- MidFirst Bank
- Finance and Insurance
- -
- -
- Triple Net
- Oct 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Archwell Health | Health Care and Social Assistance | 10,000 SF | - | Triple Net | Jun 2033 | |
| Dollar Tree | Retailer | 19,785 SF | - | Triple Net | Feb 2031 | |
| MidFirst Bank | Finance and Insurance | - | - | Triple Net | Oct 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 39875-93-31-13480 | Improvements Assessment | $61,930 CAD |
| Land Assessment | $169,440 CAD | Total Assessment | $231,370 CAD |
PROPERTY TAXES
Parcel Number
39875-93-31-13480
Land Assessment
$169,440 CAD
Improvements Assessment
$61,930 CAD
Total Assessment
$231,370 CAD
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Multi-Tenant Retail & Medical | 2235 E 61st St
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