Ace Hardware - $4.50 PSF Rent - New Long Term Lease - Tulsa
25 Year Operating History - Recent Long Term Extension - Tulsa MSA
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New Long-Term Lease Extension Tenant recently executed a new primary term 10-year lease extension through December 31, 2035.
Additional Rental Income Subject property generates additional rental income from a billboard lease and a drive-thru ice machine.
Commitment to Location Tenant has occupied this location since 2000.
Exceptionally Low Rent PSF and Price PSF At $4.50 PSF in annual rent and a price point of $75 PSF, an investor can acquire a single tenant retail asset at a low basis.
Strong Operator and Tenant Ace Hardware operates nearly 6,000 locations around the world and reported over $9 Billion in revenue for 2024. Westlake Ace operates 180 locations in 13 states under the corporate Ace Retail Holdings, Inc. entity, which reported $825 Million in 2024 revenue.
Historic Route 66 Location in the Tulsa MSA Subject Property is located directly on the famous Route 66, approximately 20 miles northeast of downtown Tulsa.
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