Tulsa NNN Investment
For Sale
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11104 E 21st St, Tulsa, OK 74129
NNN leased property with attractive rent growth and strong demographics.
Property Size2,644 SF
Price / SF$332.83
Days on Market148
Property Features for 11104 E 21st St
General Information
Standard status
Active
Size
2,644 SF
Property subtype
Retail
Lease Type
Absolute Net
Net Operating Income
$63,828
Building Details
Year Built
1995
Buildings
1
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Connor Olandt · License #CA 01985082
Source:
Crexi
Added: Mar 27
Changed: Aug 12
Last Checked: Aug 20 at 9:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This commercial property offers an absolute NNN lease structure with approximately 8 years remaining on the initial lease term. The lease includes two 5-year renewal options. As an absolute NNN lease, the tenant is responsible for all maintenance, repairs, and operating expenses, providing a passive income stream. The lease features 7.5% rental increases every five years, with the next escalation scheduled for July 2028, continuing throughout the option periods. The property benefits from proximity to Highway 169, which experiences traffic counts exceeding 114,000 vehicles per day, and is situated along E 21st Street with approximately 27,000 vehicles per day. The location benefits from a stable population base and demographics, with over 540,000 people residing within a 10-mile radius and an average household income exceeding $100,000. Located in Tulsa, Oklahoma's second-largest city, the property offers investors consistent demographics.
Key Highlights
- Absolute NNN Lease Structure: Enjoy stable, passive income with tenant responsible for all expenses.
- Attractive Rent Growth: Benefit from 7.5% rental increases every five years, next escalation in July 2028.
- Strong Traffic Counts: High visibility location with over 114,000 vehicles per day on Highway 169.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
Business Placement
Demographics for 74129, OK
18,755
Population
7,751
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
78%
High-School Grad
4.0 sq mi
ZIP Area
4,689
Density / Sq Mi
$49,645
Median Household Income
$35,453
Median Earnings
$929
Median Rent
$141,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - NNN leased property with attractive rent growth and strong demographics.
Where is this nnn property located?
The property is located at 11104 E 21st St Tulsa, OK.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Absolute NNN Lease Structure: Enjoy stable, passive income with tenant responsible for all expenses.; Attractive Rent Growth: Benefit from 7.5% rental increases every five years, next escalation in July 2028.; Strong Traffic Counts: High visibility location with over 114,000 vehicles per day on Highway 169.
