For Sale
$5,384,500

4777 Kenosha St Broken Arrow, OK 74014

18,900 SF, 11-Year Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a fee-simple ownership of a 18,900-square-foot Tractor Supply store located at 4777 E Kenosha St, Broken Arrow, OK 74014, within the Tulsa MSA. The property sits on a 3.41-acre lot and boasts a single-story building constructed in 2015. The current lease, a Net Lease (NN+) with a corporate guarantee from Tractor Supply Company, commenced September 1, 2015, and extends until August 31, 2035, offering a substantial remaining lease term of approximately 11 years. The lease includes four, five-year options, with rent bumps of 5% in the next increase and 7.50% in each subsequent option period, providing a built-in hedge against inflation. The property enjoys 100% occupancy and benefits from a strong tenant with a proven track record of success. Tractor Supply, a Fortune 500 company, has demonstrated resilience and growth, even during the COVID-19 pandemic, and continues to adapt to the evolving retail landscape. The surrounding area exhibits robust demographics, with nearly 100,000 people and an average household income of almost $100,000 within a five-mile radius. Nearby amenities include a Walmart Supercenter and other retail establishments, indicating a thriving commercial environment. This investment offers minimal landlord responsibilities and significant long-term income potential. The property is classified as retail, with subtypes including auto shop, convenience store, and big box.

Highlights

  • 11+ Year Corporate Guaranteed Net Lease with Tractor Supply Company (TSC); 5% rent increase in 2030 and 7.5% increases every 5 years thereafter.
  • Strong Fortune 500 Tenant (Ranked #291, $32.5B market cap, 2,500+ locations).
  • Excellent Location in Broken Arrow, OK (Tulsa MSA), a rapidly growing city with strong demographics.
  • Densely populated trade area with average household income near $100,000 and nearby retail amenities.
  • E-commerce resistant business model with strong recent sales growth (20.7% increase in Q4 2022).
  • Pandemic-proof essential retailer with record results during COVID-19.

Property Details for 4777 Kenosha St

Property type
Retail properties, Grocery and convenience stores
Square Feet
18,900 SF
Year Built
2015
Buildings
1
Stories
1
Lot Size (sq. ft)
148,540 SF

Location Insight

City
Broken Arrow
County
Wagoner
State
Oklahoma
Latitude
36.060614654905
Longitude
-95.733159271507

FAQs

What type of property is this?
Retail property - 18,900 SF, 11-Year Lease, Strong Tenant
Where is the retail property located?
The property is located at 4777 Kenosha St Broken Arrow, OK.
What is the asking price?
The asking price for this property is $5,384,500.
What are key features of this property?
This property features: 11+ Year Corporate Guaranteed Net Lease with Tractor Supply Company (TSC); 5% rent increase in 2030 and 7.5% increases every 5 years thereafter.; Strong Fortune 500 Tenant (Ranked #291, $32.5B market cap, 2,500+ locations).; Excellent Location in Broken Arrow, OK (Tulsa MSA), a rapidly growing city with strong demographics.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4777 Kenosha St
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