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Property summary
This exceptional investment opportunity presents a 4.80% cap rate shopping center located at 4130 S Peoria Ave in Tulsa, Oklahoma, within the highly desirable Brookside district. The property is offered at an asking price of $1,750,000. This unsubordinated ground-leased property benefits from a strong 20-year primary lease term, featuring a 10% rent increase every five years, ensuring consistent and growing income. Rent commencement is scheduled for March 2024. Situated in Tulsa's premier shopping, dining, and lifestyle corridor, Brookside boasts some of the city's highest underlying land values, providing significant long-term appreciation potential. The property's strategic location within this thriving area guarantees high visibility and accessibility, attracting a substantial customer base. This retail shopping center represents a compelling investment opportunity for discerning buyers seeking a stable, high-performing asset in a prime Tulsa location with a secure, long-term lease. The property's strong fundamentals and attractive cap rate make it an ideal addition to any diversified portfolio. The zip code is 74105, and the property is located in Tulsa County.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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, commercial and industrial zoning districts are int…
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
CH · Tulsa, OKCH 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, commercial and industrial zoning districts are int…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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, commercial and industrial zoning districts are int…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CH in Tulsa, OK.
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