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    6936 S Elwood Ave Tulsa, OK 74132

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    For Sale
    $9,875,000

    NNN leased REI in Tulsa, OK with 15-year lease.

    Property size:
    22,788 SF
    Lot size:
    35.57 Acres

    Property Features for 6936 S Elwood Ave

    General Information

    Size
    22,788 SF
    Lot size
    35.57 Acres

    Source: SRS Industrial - Newport Beach Agent Matthew Mousavi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Leased REI Investment Property

    This property offers the opportunity to acquire the fee simple interest in an absolute NNN leased REI investment property located in Tulsa, Oklahoma. The tenant, REI, recently signed a new 15-year lease with four 5-year options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. The property contains 22788 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Creek
    State
    Oklahoma
    Longitude
    -95.9942024
    Latitude
    36.0630331

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    FAQs

    What type of property is this?
    Retail space - NNN leased REI in Tulsa, OK with 15-year lease.
    Where is this retail space located?
    The property is located at 6936 S Elwood Ave Tulsa, OK.
    What is the asking price?
    The asking price for this property is $9,875,000.
    What are key features of this property?
    This property features: - Absolute NNN lease with zero landlord responsibilities, offering a management-free investment.; - Brand new 15-year lease term with REI, indicating a strong commitment to the location.; - Features 10% rental increases every 5 years, providing steadily growing NOI and inflation hedging.
    (949) 698-1116
    Request Owner's contact information
    6936 S Elwood Ave Tulsa, OK 74132
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    Tulsa, OK 74132
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6936 S Elwood Ave Tulsa, OK 74132
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