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Chase | New 20yr Abs NNN Ground Lease 409 W 71st St 2,000 SF Retail Building Tulsa, OK 74132 $3,426,267 CAD ($1,713.13 CAD/SF) 4.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New, 20-Year Ground Lease | Options To Extend | Scheduled Rental Increases
- Outparcel to REI Anchored Center | Tulsa Hills Shopping Center
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In The Immediate Trade Area
EXECUTIVE SUMMARY
• JPMorgan Chase Bank (S&P: AA-) Corporate signed lease
• 20 years remaining with 6 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option
• 20 years remaining with 6 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$3,426,267 CAD
Price Per SF
$1,713.13 CAD
Cap Rate
4.75%
NOI
$162,727 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.97 AC
Zoning
CS - Commercial Shopping
Parking
27 Spaces (13.5 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
NEARBY MAJOR RETAILERS
1 of 8
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Chase | New 20yr Abs NNN Ground Lease | 409 W 71st St
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