Tulsa, OK - Chase Bank
$2,474,000
409 West 71st St S, Tulsa, OK 74132
4.75
Cap Rate
117,500
NOI
Details:
Description:
• 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
• The subject property is an outparcel to an REI anchored center with other national tenants including Dutch Bros, Sherwin-Williams, Smalls Sliders, and Quick Quack Car Wash
• The asset is located less than a mile from Tulsa Hills Shopping Center, a 494,000+ square foot Target and Lowe’s Home Improvement anchored center, that features national/tenant credits such as DICK’S Sporting Goods, Ulta, PetSmart, Staples, Belk, Five Below, and others
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Sam’s Club, Best Buy, Buffalo Wild Wings, Chick-fil-A, Starbucks, Whataburger, and more, further increasing consumer traffic to the site
Location

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