7315 Memorial Dr Tulsa, OK 74133

Property Details for 7315 Memorial Dr

Year built

1979

Construction

STEEL FRAME

Lot size

1.56 lot acres

Property size

7,766 SF

Zone code

CS

Property type

Turn key restaurants

APN

75625-83-12-05985

APU

75625831205985

Description

This exceptional 7,766-square-foot shopping center presents a compelling investment opportunity in Tulsa, Oklahoma. Located at 7315 S Memorial Dr, this fully remodeled property sits on a sizable 1.56-acre lot, offering ample parking and significant development potential. Currently leased through 2033 under a triple-net (NNN) lease, the property boasts a strong cash flow with an asking price of $2,400,000, representing a 6% capitalization rate. The building is situated on South Memorial Drive, just south of 71st Street, benefiting from high visibility and convenient access. Zoned CS, the property allows for a variety of uses and presents the possibility of creating additional pad sites, further enhancing its value and income potential. The substantial lot size and existing lease provide a secure investment with long-term growth prospects. This is an ideal opportunity for investors seeking a stable, high-return retail property in a prime Tulsa location. The property's size, location, and existing lease make it a particularly attractive investment. The potential for future development adds to its overall appeal.

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Longitude

-95.8853

Latitude

36.0575

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments