10910 31St StTulsa, OK 74146

Property Details for 10910 31St St

Year built

2016

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.78 AC

Property size (Sq ft)

4,628 SF

Zone code

CS

Property type

Car washes

APN

77585-94-19-25400

APU

77585941925400

Description

This exceptional investment opportunity presents a fee-simple 4,296 sq ft car wash in Tulsa, OK, on a 1.78-acre lot. Built in 2016, the property boasts a 15.3-year remaining lease term (expiring 03/02/2040) with a reputable, multi-state operator, WhiteWater Express. The absolute NNN lease includes annual rent bumps of 1.25% (starting October 2024) and four 5-year renewal options, each with a 1.25% annual increase. The property generates a strong NOI of $300,000, resulting in a 6.90% cap rate. Located at 10910 E 31st St, Tulsa, OK 74146, this strategically positioned car wash benefits from high traffic counts (Highway 169 proximity), a large daytime population, and significant population growth in the surrounding area. The corporate guarantor boasts a $500 million net worth, providing exceptional financial security. This is a prime investment opportunity offering significant tax advantages due to fee-simple ownership and ideal for bonus depreciation. The asking price is $4,350,000. The property's APN is 77585-94-19-2540.

• CAP approach

  CAP return

  Valuation

  6%

  $593,044

  6.5%

  $547,425

  7%

  $508,323

• Comparable approach

  Method

  Valuation

  Relative Method

  $834,223

  Geo Method

  $834,223

• Alternative Use

  Use

  Valuation

  Residential

  $461,774

  Hospitality

  $422,982

  Educational

  $351,916

  Medical

  $364,019

  Retail

  $547,425

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Latitude

36.1181

Longitude

-95.8544

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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