Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
CS Commercial Shopping CG Commercial General CH Commercial-High CBD Central Business IL Industrial-Light IM Industrial-Moderate IH Industrial-Heavy Most intensive O, C or I district B. Purposes. 1. General. Office, comme…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CS · Tulsa, OKCS Commercial Shopping CG Commercial General CH Commercial-High CBD Central Business IL Industrial-Light IM Industrial-Moderate IH Industrial-Heavy Most intensive O, C or I district B. Purposes. 1. General. Office, comme…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
CS Commercial Shopping CG Commercial General CH Commercial-High CBD Central Business IL Industrial-Light IM Industrial-Moderate IH Industrial-Heavy Most intensive O, C or I district B. Purposes. 1. General. Office, comme…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CS in Tulsa, OK.
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