10910 31st St Tulsa, OK 74146-1703
- Car washes
- 4,628 SF
- 1.78 lot acres
May 10, 2021
Current Use by Public Records
- WhiteWater Express Car Wash / Car Wash
Property Details for 10910 31st St
- Year built
- 2016
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.78 lot acres
- Property size
- 4,628 SF
- Zone code
- CS
- Property type
- Car washes
- APN
- 77585-94-19-25400
- APU
- 77585941925400
Description
This exceptional investment opportunity presents a fee-simple 4,296 sq ft car wash in Tulsa, OK, on a 1.78-acre lot. Built in 2016, the property boasts a 15.3-year remaining lease term (expiring 03/02/2040) with a reputable, multi-state operator, WhiteWater Express. The absolute NNN lease includes annual rent bumps of 1.25% (starting October 2024) and four 5-year renewal options, each with a 1.25% annual increase. The property generates a strong NOI of $300,000, resulting in a 6.90% cap rate. Located at 10910 E 31st St, Tulsa, OK 74146, this strategically positioned car wash benefits from high traffic counts (Highway 169 proximity), a large daytime population, and significant population growth in the surrounding area. The corporate guarantor boasts a $500 million net worth, providing exceptional financial security. This is a prime investment opportunity offering significant tax advantages due to fee-simple ownership and ideal for bonus depreciation. The asking price is $4,350,000. The property's APN is 77585-94-19-2540.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,720,000
- ML approach
- $2,475,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tulsa
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -95.8544
- Latitude
- 36.1181
- CBSA code
- 46140
- CBSA name
- TULSA, OK METROPOLITAN STATISTICAL AREA
