Overview

Description

This property is ideally suited for owner occupant or real estate investor. Building is currently configured to allow customers the ability to roam freely through four 17,000sf showrooms, each with its own individual entry and signage. Owner occupant would have the opportunity to occupy all 69,186sf or any of the currently demised showroom areas. A current market survey indicates that any remaining space could be leased at an annual NNN rate of $5 to $6 per square foot. Investors are invited to purchase this property contingent upon lease of a minimum of 50% of the available space prior to closing.

This market area has attracted one of Tulsa’s largest Auto Zone outlet (2022), O’Reilly Auto store, (2019)

Burlington Discount lease of 39,930sf (2020), and build-to-suit 60,000sf facility with projected completion of June 2023. The area is also home to national brands such as Cavender’s Western Wear, Harbor Freight, Target, Lowe’s Home Improvement, Cracker Barrel, Golden Corral, Dollar Tree, Dollar General to mention a few.

As of January 2023, there is 1409,000sf of development underway in Southeast Tulsa. This area experienced an increase in the annual commercial lease rate of 6.2% during 2022. The estimated replacement cost of this property is $6,853,735 ($99/sf).

This market area has attracted one of Tulsa’s largest Auto Zone outlet (2022), O’Reilly Auto store, (2019)
Burlington Discount lease of 39,930sf (2020), and build-to-suit 60,000sf facility with projected completion of June 2023. The area is also home to national brands such as Cavender’s Western Wear, Harbor Freight, Target, Lowe’s Home Improvement, Cracker Barrel, Golden Corral, Dollar Tree, Dollar General to mention a few.

Highlights

• Building is currently configured to allow customers the ability to roam freely through four 17,000sf showrooms, each with its own individual entry and
• Owner occupant would have the opportunity to occupy all 69,186sf or any of the currently demised showroom areas.

Documents

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