7315 S Memorial Dr Tulsa, OK 74133
For Sale
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.
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Headies Dispensary (Bike/Boat/Book/etc) Store
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Supreme Heights Premium Cannabis (Bike/Boat/Book/etc) Store
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Sobahn Menu Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CS · Tulsa, OKTulsa. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.