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Mattsco Supply Company

1111 North 161st East Avenue, Tulsa, OK 74116

$8,410,015

Cap Rate 6.50%

Views: 17 DOM: 46 Updated: 04.25.24 Posted: 04.01.24 Status: Active 04.01.24

Summary

Price $8,410,015
Built/Renov 1996
Tenant Mattsco Supply Company
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 97,204
Lease Start 03-04-2022
#Units 1
Price/SF $86.52
Expiration 03-04-2034
Tenant Type Industrial
NOI $546,651
R. Term 9.9
Ownership Fee Simple
Rent/SF $5.62
Increases 2.3%/1/yrs
Pop 5Mi 72,400
Lot/AC 10.51
Options 1/10yrs/2.25%
AHHI 5Mi $72,043

Jereme Snyder
Colliers NNN Group
Contact

Eric Carlton
Colliers NNN Group
Contact

Lease Highlights

  • Mattsco Supply Co. has been operating in this location for 11+ years
  • Tenant has 9+ years remaining in their primary lease term with 1 (10-year) option to extend
  • The lease features 2.25% annual rent increases
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed by Mattsco Supply Co.

Location Description

The 97,204 SF building on 10.51-acre parcel is positioned on N. 161st E Avenue and provides great access to Interstate 44 (Historic Route 66) which sees over 77,700 VPD. The site is comprised of 18,000 SF of office area, 72,204 SF warehouse area, numerous grade level loading areas, two dock height loading areas, 20 to 25 FT clear heights, and over 5.5 acres of outdoor storage/yard space. There...

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Key Features

  • In location for years

  • High traffic 50M+ VPD

  • Freeway close

  • Top 100 MSA

  • Long operation history

  • Absolute NNN

  • Long 10+ yr lease

  • Annual rent increases

  • Corporate Guarantee

    • ...

Links

Mattsco Supply Company Wikipedia Tulsa, Oklahoma Zip Code 74116 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Mattsco Supply Company is a certified minority-owned PVF distributor. The company offers industrial, commercial and oilfield pipe, flanges, fittings, and valves in carbon steel, stainless steel,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,104 14,653 73,064
2023 Total Population : 1,982 14,407 72,103
2023 Employed Civilian Pop : 985 6,451 34,381
2023 Total Businesses : 180 836 2,216
2023 Average Household Income : $ 87,919 $ 74,711 $ 72,909
2023 Total Consumer Spending : $ 57 M $ 354 M $ 1661 M
2023 Median Age : 43 36 34
2023 Total Households : 749 5,388 26,017
2023 Pop Age 25+: Bachelor's Degree : 223 1,077 5,779
2023 Average Home Value : $ 223,975 $ 201,037 $ 204,239
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North 161st East Avenue Latimer St 2019 4,520 0.12 mi
N 163rd East Ave I- 44 2011 606 0.30 mi
S 4050 Rd E Jasper St 2005 6,136 0.43 mi
E 580 Rd N 159th East Ave 2015 4,220 0.51 mi
S 4050 Rd E 580 Rd 2005 1,072 0.57 mi
East Pine Street N 169th East Ave 2019 3,870 0.58 mi
N 163rd East Ave W 3rd St 2015 8,200 0.63 mi
Archer N 163rd East Ave 2017 7,800 0.66 mi
Archer S 161st East Ave 2017 6,500 0.70 mi
East Pine Street 2019 4,220 0.71 mi

Listing Broker

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