Dark Advance Auto Parts (Vacating 1/1/27) - Value Add
Owner/User Opportunity (AAP Vacating 1/1/27) for Sale or Lease
Marketing description
Marcus & Millichap is the exclusive listing agent for the “dark” Advance Auto Parts property located at 6512 E Admiral Place in Tulsa, Oklahoma. The tenant operates under a NNN lease (landlord only responsible for foundation/structure) that expires on December 31st, 2026. The tenant has notified the landlord that they will not be renewing their options to extend and therefore this is an opportunity for an investor or owner-user to purchase a property with a value-add component starting January 1st, 2027. The 6,860 square foot building was constructed in 2006 on a 0.74 acre parcel of land. The property is positioned with frontage along the heavily trafficked East Admiral Place thoroughfare which was part of the original, historic alignment of Route 66. Additionally, the property is situated only one block off of the Interstate-244 on/off ramp which at that point sees approximately 64,000 vehicles per day.
Investment highlights
- Corporate Guaranteed NNN Lease (Landlord Only Responsible for Foundation/Structure) Expiring 12/31/2026
- “Dark” Location – Tenant is No Longer Operating at the Site but is Paying $8,531.17/Month in Rent. Vacating 1/1/2027
- 6,860 Square Feet Building with One Rollup Door – 0.74 Acres of Land Zoned Commercial
- Offers to Lease Will Be Considered but Preference to Sell (See Agent)
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