4777 E Kenosha St Broken Arrow, OK 74012
- Retail space
- 18,900 SF
- 3.41 lot acres
Current Use by Public Records
- Tractor Supply Co. / Pet Supply Store / Propane Supplier
Property Details for 4777 E Kenosha St
- Year built
- 2015
- Lot size
- 3.41 lot acres
- Property size
- 18,900 SF
- Property type
- Retail space
- APN
- 060076-001001-000000
- APU
- 60076001001000000
Description
This exceptional investment opportunity presents a fee-simple ownership of a 18,900-square-foot Tractor Supply store located at 4777 E Kenosha St, Broken Arrow, OK 74014, within the Tulsa MSA. The property sits on a 3.41-acre lot and boasts a single-story building constructed in 2015. The current lease, a Net Lease (NN+) with a corporate guarantee from Tractor Supply Company, commenced September 1, 2015, and extends until August 31, 2035, offering a substantial remaining lease term of approximately 11 years. The lease includes four, five-year options, with rent bumps of 5% in the next increase and 7.50% in each subsequent option period, providing a built-in hedge against inflation. The property enjoys 100% occupancy and benefits from a strong tenant with a proven track record of success. Tractor Supply, a Fortune 500 company, has demonstrated resilience and growth, even during the COVID-19 pandemic, and continues to adapt to the evolving retail landscape. The surrounding area exhibits robust demographics, with nearly 100,000 people and an average household income of almost $100,000 within a five-mile radius. Nearby amenities include a Walmart Supercenter and other retail establishments, indicating a thriving commercial environment. This investment offers minimal landlord responsibilities and significant long-term income potential. The property is classified as retail, with subtypes including auto shop, convenience store, and big box.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,165,000
Market price range: $554k - $1.90M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,715,000 Current use
- AUTO REPAIR, GARAGE
- $3,015,000 Change: +11% Conversion: Difficult
- OFFICE BUILDING
- $2,295,000 Change: -15% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Broken Arrow
- County
- Wagoner
- State
- Oklahoma
- Longitude
- -95.7335
- Latitude
- 36.0602
- CBSA code
- 46140
- CBSA name
- TULSA, OK METROPOLITAN STATISTICAL AREA
