10010 Riverside Pkwy Tulsa, OK 74137-2300

Property Details for 10010 Riverside Pkwy

Year built

2006

Construction

STEEL FRAME

Lot size

1.61 lot acres

Property size

5,090 SF

Zone code

CS

Property type

Grocery and convenience stores

APN

71215-83-20-22630

APU

71215832022630

Description

This exceptional investment opportunity presents a fee-simple, Class A, single-tenant, absolute NNN-leased property encompassing a 5,090 square-foot gas station, convenience store, and auto shop. Located at 10010 Riverside Pkwy, Tulsa, OK 74137, on a 1.61-acre lot, this property boasts a strong financial profile with a 6.25% cap rate and a net operating income (NOI) of $208,916. The property features six gas pumps and benefits from a highly visible location on Riverside Parkway, experiencing 32,967 vehicles per day, and near the Creek Turnpike's eastbound ramp (66,373 vehicles daily). The current lease with Kum & Go, L.C. commenced on December 29, 2006, and has a remaining term of 5.1 years, with four five-year renewal options. Rent increases by five percent every five years throughout the base term and options. The property was built in 2006 and is zoned for commercial use. The asking price is $3,344,000 ($656.97 per square foot). The property is eligible for bonus depreciation, offering significant tax advantages. The surrounding area demonstrates strong demographics, with an average household income exceeding $134,000 within one mile, and a population of over 165,311 within five miles, projected to grow by 2.8% by 2028. This is a rare opportunity to acquire a stable, high-performing asset in a thriving market. The property's location and lease terms provide a secure and lucrative investment for discerning buyers.

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Longitude

-95.9497

Latitude

36.0183

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments