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Shopping Strip

71st Street Retail

8247 E 71st St, Tulsa, OK 74133

Listing Price: $2,553,000

Cap Rate
7.02%
Gross SF
7,000
Rentable SF
7,000
Price/Gross SF
$364.71
Lot Size
0.72 acres
Year Built
2012

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 71st Street Retail, a 7,000-square-foot strip center in Tulsa, Oklahoma. The property sits on approximately 0.72 acres of land. The strip center was built in 2012, and is currently 100 percent leased. The end cap space will be on a master lease for one year following the close of escrow. Vitamin Shoppe has been a tenant in the strip center for more than 10 years and makes up approximately 43 percent of the GLA. The property is an outparcel to Woodland Hills Mall on East 71st Street, where traffic counts exceed 56,228 vehicles per day. The area is extremely dense with more than 245,548 residents within a five-mile radius. Surrounding retailers in the immediate area include JCPenney, Macy’s, Sam’s Club, Ross Dress For Less, WinCo Foods, Walmart SuperCenter, Starbucks, QuikTrip, Olive Garden and many more.

Investment Highlights

  • 100% Leased - Vitamin Shoppe has a 10+ Year Tenure (43% of the GLA)
  • Upside Potential - End Cap Space Will be on a Master Lease for One Year Following COE
  • Outparcel to Woodland Hills Mall, a 1+ Million Square-Foot Regional Shopping Mall
  • Excellent Frontage on East 71st Street in a Dense, Commercial Corridor (56,228 VPD)
  • Attractive 2012 Construction
  • Huge Daytime Population of 294,435, a 20% Increase Over the Residential Population
  • More than 245,548 Residents Within a Five-Mile Radius

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s) OK: 181981

    Oklahoma

Financing By

Shopping Strip

71st Street Retail

Listing Price: $2,553,000

Cap Rate
7.02%
Gross SF
7,000
Rentable SF
7,000
Price/Gross SF
$364.71
Lot Size
0.72 acres
Year Built
2012

Investment Highlights

  • 100% Leased - Vitamin Shoppe has a 10+ Year Tenure (43% of the GLA)
  • Upside Potential - End Cap Space Will be on a Master Lease for One Year Following COE
  • Outparcel to Woodland Hills Mall, a 1+ Million Square-Foot Regional Shopping Mall
  • Excellent Frontage on East 71st Street in a Dense, Commercial Corridor (56,228 VPD)
  • Attractive 2012 Construction
  • Huge Daytime Population of 294,435, a 20% Increase Over the Residential Population
  • More than 245,548 Residents Within a Five-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 71st Street Retail, a 7,000-square-foot strip center in Tulsa, Oklahoma. The property sits on approximately 0.72 acres of land. The strip center was built in 2012, and is currently 100 percent leased. The end cap space will be on a master lease for one year following the close of escrow. Vitamin Shoppe has been a tenant in the strip center for more than 10 years and makes up approximately 43 percent of the GLA. The property is an outparcel to Woodland Hills Mall on East 71st Street, where traffic counts exceed 56,228 vehicles per day. The area is extremely dense with more than 245,548 residents within a five-mile radius. Surrounding retailers in the immediate area include JCPenney, Macy’s, Sam’s Club, Ross Dress For Less, WinCo Foods, Walmart SuperCenter, Starbucks, QuikTrip, Olive Garden and many more.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s): OK: 181981

    Oklahoma

Financing By

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