Westlake Ace Hardware
Brand New Construction - Split Block and Concrete | Affluent Tulsa Submarket | Actual Property Photo
Marketing description
Westlake Ace Hardware at 679 W 101st Pl S, Jenks, OK 74037 presents a compelling opportunity to acquire a brand-new, single-tenant retail investment in one of the Tulsa metro’s fastest-growing and most affluent submarkets. Completed in 2023, this 15,686 SF build-to-suit sits on 2.05 acres and features high-image split-face block construction, a new concrete parking lot, and all-new roof, HVAC, and fire systems.
The property is leased to Westlake Ace Hardware on a 10-year double net lease with minimal landlord responsibilities and more than 7 years of term remaining. The offering provides stable in-place income of approximately $303,053 annually and four 5-year renewal options with rent increases in the option periods.
Positioned in a dense residential infill location, the site benefits from strong area fundamentals, including over 22,000 vehicles per day on S Elm St, a population of more than 141,000 within 5 miles, and average household income exceeding $105,000. The property is surrounded by major national retailers and is just 2 miles from Tulsa Premium Outlets, further strengthening its long-term retail appeal.
Investment highlights
- Brand New Build To Suit For Westlake Ace Hardware In 2023
- 10-Year Original Lease I Double Net Lease I Minimal Landlord Responsibilities
- Quality High-Image Split-Face Block Construction | Brand New Concrete Parking Lot | All-New Equipment (Roof, HVAC and Fire System)
- Westlake Ace Is a 160-unit Wholly-Owned Subsidiary Of Ace Retail Holding - A Division Of Ace Hardware Corporation
- High Traffic Location – Over 22,000 Vehicles Per Day On S Elm St
- Average Household Income Exceeds $105,000 Within a 5-Mile Radius
- Dense Residential Infill Location | 5 Mile Population: 141,464+
- 2 Miles To The Brand New Tulsa Premium Outlets, a 325K SF Premium Outdoor Outlets On 50 Acres
- 3.7 Miles To River Spirit Casino and Resort
- National Retailers Surrounding Subject Property Include Reasor's, Kum & Go, Dutch Bro's, CVS, McDonald's, Starbucks, Walgreens, Chase Bank, Oklahoma Aquarium, Golf Suites, and Many More
- 13 Miles to Downtown Tulsa | 20 Miles to Tulsa International Airport
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