12620 E 31st - Sale Leaseback | 8% Cap Rate

Investment Overview

EXECUTIVE SUMMARY Property Type: Multi-tenant freestanding retail/mixed-use building (currently configured for two separate owner operated companies) in excellent condition. Building Size: 5,852 SF on a prominent site in southeast Tulsa's established commercial corridor (high-visibility location along E 31st Street, ZIP 74146). $1,097,250 PURCHASE PRICE Condition & Upgrades: Well-maintained with a new HVAC system for energy efficiency and tenant comfort; roof is older but in functional condition with no immediate issues reported. Current Use/Occupancy: Fully owner-occupied and maintained to high standards, reflecting pride of ownership. Lease Structure: Seller will execute a new 3-year NNN lease-back at $15.00 per square foot (annual base rent ˜ $87,780), with tenant responsible for all taxes, insurance, CAM, and maintenance providing immediate, predictable, and low-management cash flow. Pricing & Yield: Offered at $1,097,250, delivering an attractive 8.0% cap rate on the lease-back NOI compelling in the current Tulsa market where stabilized multi-tenant retail assets often trade in the 6.5-7.5% range (with national single-tenant retail cap rates stabilizing around 6.8% in recent periods). Investment Merits: Rare opportunity for instant stabilization via seller credit (no vacancy risk during initial term), strong cash-on-cash returns, and downside protection in a proven submarket with limited new retail supply and steady demand drivers. Future Potential: Flexible mixed-use zoning allows for re-tenanting, owner-user occupancy, or adaptive reuse post-lease term in an area benefiting from Tulsa's positive retail fundamentals (low vacancy trends and resilient consumer activity). This is a turnkey net lease investment ideal for 1031 exchange buyers, private investors, or net lease funds seeking high-yield, low-effort single-tenant retail exposure in a growing Oklahoma market.

Investment Highlights

• Prime Multi-Tenant Retail
• Strategic Location on East 31st Street
• 100% Occupancy with Two Separate Businesses
• Excellent Physical Condition and Versatile Space
• Recent Renovation in 2023
• High Visibility with Over 21,390 Vehicles Per Day
• Strong Investment Merits with Instant Stabilization