For Sale
$2,400,000

7315 Memorial Dr Tulsa, OK 74133

7,766 SF Retail Center, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 7,766-square-foot shopping center presents a compelling investment opportunity in Tulsa, Oklahoma. Located at 7315 S Memorial Dr, this fully remodeled property sits on a sizable 1.56-acre lot, offering ample parking and significant development potential. Currently leased through 2033 under a triple-net (NNN) lease, the property boasts a strong cash flow with an asking price of $2,400,000, representing a 6% capitalization rate. The building is situated on South Memorial Drive, just south of 71st Street, benefiting from high visibility and convenient access. Zoned CS, the property allows for a variety of uses and presents the possibility of creating additional pad sites, further enhancing its value and income potential. The substantial lot size and existing lease provide a secure investment with long-term growth prospects. This is an ideal opportunity for investors seeking a stable, high-return retail property in a prime Tulsa location. The property's size, location, and existing lease make it a particularly attractive investment. The potential for future development adds to its overall appeal.

Highlights

  • $2,400,000 asking price for this 7,766 square foot retail shopping center.
  • NNN lease structure.
  • Located at 7315 S Memorial Dr, Tulsa, OK 74133, on a 1.56-acre lot.
  • CS zoning.
  • $309.04 per square foot.

Property Details for 7315 Memorial Dr

Property type
Lifestyle centers, Power centers
Square Feet
7,766 SF
Lot Size (sq. ft)
67,954 SF

Location Insight

City
Tulsa
County
Tulsa
State
Oklahoma
Latitude
36.0575351
Longitude
-95.8856317

FAQs

What type of property is this?
Lifestyle center - 7,766 SF Retail Center, NNN Lease
Where is the lifestyle center located?
The property is located at 7315 Memorial Dr Tulsa, OK.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: $2,400,000 asking price for this 7,766 square foot retail shopping center.; NNN lease structure.; Located at 7315 S Memorial Dr, Tulsa, OK 74133, on a 1.56-acre lot.
How can I contact the broker?
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7315 Memorial Dr
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