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Sherwin Williams | New 10yr Corp NN w/ Incrs 71st St 4,587 SF Retail Building Tulsa, OK 74132 $3,541,706 CAD ($772.12 CAD/SF) 6% Cap Rate
Investment Highlights
- New 12 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 12 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 6 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
4,587 SF
Building Class
C
Year Built
2024
Price
$3,541,706 CAD
Price Per SF
$772.12 CAD
Cap Rate
6%
NOI
$212,530 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.00 AC
Zoning
CS
Parking
28 Spaces (6.1 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Sherwin Willliams
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Sherwin Willliams | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 98202-82-02-57860 | Improvements Assessment | $0 CAD |
| Land Assessment | $260,509 CAD | Total Assessment | $260,509 CAD |
Property Taxes
Parcel Number
98202-82-02-57860
Land Assessment
$260,509 CAD
Improvements Assessment
$0 CAD
Total Assessment
$260,509 CAD
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Presented by
Sherwin Williams | New 10yr Corp NN w/ Incrs | 71st St
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