For Sale
$5,314,000

2235 61St St Tulsa, OK 74136

High-yield, multi-tenant retail center.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a ±29,785 square foot, multi-tenant retail and medical center in Tulsa, Oklahoma. Located at 2235 E 61st St, this property boasts a prime location and features a diverse tenant mix including Dollar Tree, Family Dollar, Archwell Health, and a MidFirst Bank ATM. The center underwent a complete redevelopment in 2023, ensuring modern facilities tailored to tenant needs. The property sits on a 2.5-acre lot with ample parking (120 spaces). Currently operating at 100% occupancy, the investment features a strong Net Lease (NNN) structure with credit-rated tenants. Leases offer various options and have a weighted average remaining lease term of 7.6 years. The property generates a substantial Net Operating Income (NOI) of $371,973, resulting in an attractive 7.00% cap rate. The asking price is $5,314,000. Detailed lease information and rent bump schedules are available upon request. This fee-simple ownership includes an ATM ground lease. The property's strategic location and strong tenant base make it an ideal investment for discerning buyers seeking stable, long-term returns. This is a rare opportunity to acquire a high-quality, recently renovated retail center in a thriving market.

Highlights

  • Investment-grade parent company credit.
  • 2023 property redevelopment.
  • Adjacent to Southern Hills Country Club.
  • Triple-net (NNN) lease structures.
  • Below-market price per square foot.
  • Diversified retail and medical tenant mix.

Property Details for 2235 61St St

Property type
Lifestyle centers, Power centers
Square Feet
29,785 SF
Year Renovated
2023
Lot Size (sq. ft)
108,900 SF

Location Insight

City
Tulsa
County
Tulsa
State
Oklahoma
Latitude
36.075344757929
Longitude
-95.958871645248

FAQs

What type of property is this?
Lifestyle center - High-yield, multi-tenant retail center.
Where is the lifestyle center located?
The property is located at 2235 61St St Tulsa, OK.
What is the asking price?
The asking price for this property is $5,314,000.
What are key features of this property?
This property features: Investment-grade parent company credit.; 2023 property redevelopment.; Adjacent to Southern Hills Country Club.
How can I contact the broker?
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2235 61St St
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