Property profile

10010 Riverside Pkwy Tulsa, OK 74137

OFF-MARKET
Grocery and convenience stores
Property ID
US69-0918273
5,090 SF 1.61 ac lot Built 2006
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 2006
Construction STEEL FRAME
Total area 5,090 SF
Lot 1.61 ac (69,957 SF)
Zoning code CS
APN 71215-83-20-22630
UPID US69-0918273

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store

Location

10010 Riverside Pkwy Tulsa, OK 74137-2300
Tulsa metro Census 7634 TULSA, OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.19M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.55M
Blend (final) Blend
$3.24M

Owner & transaction history

since 2023
Last sale
$3.1M
5 recorded transactions
2023
$3.2M
2022
$3.3M
2011
Price N/A
2007
$2.4M
2007
$2.3M

Zoning & alternative use

CS · Tulsa, OK
Zoning description

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…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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