QuikTrip - Tulsa, OK (Store #78)_Property for Sale
QuikTrip - Tulsa, OK (Store #78)_Property for Sale
9037 South Yale Avenue, Tulsa, OK, 74137, US

QuikTrip - Tulsa, OK (Store #78)

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a single-tenant QuikTrip gas & convenience store located at 9037 South Yale Avenue, Tulsa, OK.


Located ±9 miles southeast of downtown Tulsa in an affluent community ($138,500 average HHI), the Property is positioned in an excellent location directly north of Hwy 364 and at the signalized intersection of two major roadways: E. 91st Street and S. Yale Avenue (41,600+ VPD). Anchored by Whole Foods, this QuikTrip is the exclusive gas/convenience establishment within a ±1.3-mile radius, strategically catering to its retail corridor along Highway 364.

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Attributes

Asking price
$3,360,000
Cap rate
5.85%
WAULT
3.7 years
Lease type
Absolute Triple Net
Building area net
4,025 sf

Media

Investment highlights

  • Whole Foods anchored retail corridor along Hwy 364 (41,600+ VDP)
  • Attractive CPI-based rental escalations every five years
  • Recent 5-year lease renewal through July 2028
  • Robust local demographics with 205,000 residents and an average HHI of $138,500
  • Corporate guaranty from QuikTrip Corporation ("QT")
  • Among the largest c-store operators with 1,085+ locations and $11B+ in revenue
  • Absolute NNN lease structure with zero landlord expense responsibilities
  • Purpose-built for QT who has 29+ years of successful operating history at this site
QuikTrip - Tulsa, OK (Store #78) 4_Property for Sale
QuikTrip - Tulsa, OK (Store #78) 4_Property for Sale

Contact brokers

QuikTrip - Tulsa, OK (Store #78) (0 Properties)

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Last updated
Sep 16, 2024