Tulsa, OK Retail Property For Sale

The property is in good overall condition. With the exception of the car wash tenant on a ground lease which has an annual increase based on the CPI index, most of the other nine (9) leases are short term, (month to month or one year maximum) which allows for rent increases.

The Seller decided not to renew the lease with an 8,600 sq ft Tenant who occupied 50% of the total size of the property. While the property is currently 50% occupied, a User/Buyer who could occupy the space would result in a 100% occupied property. The Leases provide for the Landlord to pay taxes, and insurance. Tenants pay all utilities. Owner's standard form lease provides for the Tenant to be responsible for HVAC maintenance and repairs up to a $300 CAP per occurrence. The short term leases also make this a good owner-occupied opportunity. Contact the listing broker for additional information.

Please do NOT disturb the Tenants.

- Located in one of the most desirable areas

- One of a kind Brookside location

- Densely populated

- North half of the property with Ninde Funeral

being on the South

Building was formerly a day care, open for new owner to remodel, needs remodeled. right off Sheridan road near I-44 and BA Expy

- Recent 10 Year Lease Extension with added Increases Every Five Years

- Corporate Guaranteed Lease by Walgreens Boots Alliance (NASDAQ: WBA)

- 8.57% Increase in Year 6, 5.26% Increase at Renewal, 10% Increases at Options Thereafter

- 10+ Years Remaining Lease Term

Excellent investment opportunity to be a landlord with 5 yrs lease in place. High traffic area and corner lot convenience story with 8 fueling points.