Advance Auto Parts (Dark) — Sale in Tulsa, OK

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Tulsa, OK 74115

Investment Figures

Cap rate
11.37%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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. Located in the heart of the Midwest, Tulsa is a dynamic and evolving market supported by a diverse economic base and strong underlying fundamentals. Historically rooted in the energy sector, Tulsa has successfully expanded into aerospace, advanced manufacturing, healthcare, and professional services—creating a more resilient and balanced local economy. The region benefits from a low cost of living and affordable housing, which continues to attract new residents, remote workers, and businesses seeking cost efficiencies without sacrificing quality of life. This steady population growth supports consistent demand across both residential and commercial real estate sectors. Tulsa’s retail market remains particularly strong, characterized by low vacancy rates and limited new supply. Tulsa continues to experience steady, demand-driven retail growth supported by population gains and ongoing mixed-use development. Recent activity includes the introduction of nationally recognized retailers, highlighted by the planned arrival of IKEA at Tulsa Hills, which is expected to furth

Market Context

This retail in Tulsa, OK is listed for sale. It is offered at an approximate 11.4% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Tulsa, OK — view the full market.

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