10910 31st St Tulsa, OK 74146-1703

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.