Oklahoma City, OK - Shops on Memorial Road
$6,689,000
5616 W Memorial Rd, Oklahoma City, OK 73142
6.75
Cap Rate
451,480
NOI
Details:
Description:
• The center consists of a diverse e-commerce resistant tenant lineup comprised of retail, restaurant, and service tenants creating a stabilized income stream for a future investor
• The asset benefits from direct visibility from Interstate 344 and offers ample parking with over 116 spaces, providing ease and convenience for customers
• Constructed in 2019, the site features a modern design with top-of-the-line amenities
• The subject property is ideally located directly off Interstate 344, an arterial thoroughfare that supports over 44,000 vehicles per day
• The site also benefits from nearby access to North MacArthur Blvd (20,600 VPD), and West Memorial Road (19,200 VPD), making this an ideal, centralized location with easy commutes
• Located in a dense retail corridor, the asset is within close proximity of multiple national/credit tenants including Lowe’s, Ross, Boot Barn, and more
• Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site
• The subject property is within walking distance from Mercy Hospital (305 beds), further increasing consumer traffic to the immediate area
Documents:
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