Eastmoor Shopping Center

817-829 SE 4th Street, Moore, OK

$2,995,000

Price

8.07%

Cap Rate

$195,699.20

NOI

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Street
Map
Overview
Cap Rate
8.07%
NOI
$195,699.20
Building Size
25,508 sqft
Lot Area
4.56 acres
Occupancy
100%
Units
10
Floors
1
Description

Eastmoor Shopping Center is a well positioned retail hub on the corner of SE 4th and Eastern in Moore, OK. With incredible parking and great exposure, Eastmoor provides tenants and customers with a phenomenal environment in which to do business. With tenant mix of both national and local retailers Eastmoor brings that perfect balance of shopping, restaurants and services of a large, well positioned asset with a local feel.

Located on the northeast corner of SE 4th and Eastern.

Highlights
  • Over 50% of tenants have 15 years + of tenancy at the property
  • Dollar General and Subway each have over 30 years of tenancy in the Shopping Center
  • 67% of property on fresh Five Year deals ending in 2028
  • Long-term, national credit tenants in Dollar General and Subway
  • Below market rent (avg > $10.25) leaves upside for investors
  • 7 out of 10 tenants have increases during current term
  • Remodeled façade in 2017
  • New 20 year, TPO roof in 2019- (inspected June 2023- no damage)
  • Replaced 9 of 13 HVAC units in 2019
  • Most parking lot repairs shared and paid by: Property (1/3), McDonald's (1/3) and Scooters (1/3)
  • Cleveland County obligated to pay $300 per month in 'lot porter' services
  • Dollar General on last option period- will need to renegotiate
  • One parcel away from Moore High School (2,500 students MOL)
  • Strong traffic anchored by retail hub of east Moore at 4th and Eastern
  • CVS, Wal-Mart, McDonald's, First Fidelity bank neighbor the center
  • New McDonald's and Scooter's Coffee on outparcels in front of center
Location
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