5524 12Th StTulsa, OK 74112

Property Details for 5524 12Th St

Lot size

3.11 AC

Zone code

IM

Property type

Commercial land

APN

99310-93-10-26980

APU

99310931026980

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $13,508,376

  Hospitality

  $12,373,600

  Educational

  $10,294,690

  Medical

  $10,648,740

  Retail

  $16,013,962

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Latitude

36.1454

Longitude

-95.9147

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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