1535 Yale Ave Tulsa, OK 74112

Property Details for 1535 Yale Ave

Year built

2023

Lot size

0.61 lot acres

Property type

Auto shops

Property subtype

Gas stations

Description

This exceptional investment opportunity presents a brand-new, 2023-constructed, 100% occupied Take 5 Oil Change located in Tulsa, Oklahoma. Situated on a 0.61-acre lot at 1535 S Yale Ave, 74112, this property benefits from a highly visible outparcel location adjacent to a Lowe's Home Improvement store. The property features a 15-year absolute NNN lease with Take 5 Oil Change, a subsidiary of Driven Brands, providing a corporate guarantee and minimizing landlord responsibilities. The lease commenced December 11, 2023, and includes 1.75% annual rent increases, ensuring consistent income growth. The current annual net operating income (NOI) is $122,100, yielding a 6.25% cap rate on the $1,953,600 asking price. The lease has five, five-year renewal options, extending the investment potential well into the future. This property enjoys exceptional visibility with 26,100 vehicles passing daily on S. Yale Avenue, and benefits from a strong demographic profile, boasting a population exceeding 220,000 within a five-mile radius. Nearby retail anchors include Target, Zaxby's, Reasor's, Starbucks, Burlington, and a Walmart Neighborhood Market, further enhancing the property's desirability and potential for long-term value appreciation. The property's fee simple ownership provides complete control and flexibility for the investor. This is a rare opportunity to acquire a high-performing, low-maintenance investment property backed by a financially strong, publicly traded national brand.