5524 12Th St Tulsa, OK 74112

This exceptional investment opportunity presents a 72,428-square-foot industrial warehouse in Tulsa, Oklahoma. The Class B property, built in 1950 and renovated in 2017, sits on a 3.43-acre lot and features 9 dock-high doors and ceiling heights ranging from 16.6 to 18.6 feet. Currently 100% occupied by a major, long-standing regional furniture retailer under a Net Lease (NNN) agreement, this property offers significant stability. The tenant, a family-owned business operating for nearly 50 years, occupies the space as a critical distribution center, serving numerous retail locations across Oklahoma. The 10-year lease, with 8.5 years remaining, includes a favorable 2% annual rent escalation, ensuring consistent income growth. The property's strategic location, less than a mile from the Tulsa State Fairgrounds, 5 miles from downtown Tulsa, and 6 miles from Tulsa International Airport, adds to its appeal. With a current NOI of $318,390 and an asking price of $4,495,000, this investment provides a compelling 7.08% cap rate. This is a secure investment with strong potential for future value appreciation in a thriving market. The property's strong tenant, long-term lease, and built-in rent increases make this a highly attractive opportunity.