Plaza Latina
$3,500,000
8469 Northeast 23rd Street, Oklahoma City, OK 73141
40,000 sqft
Building Size
3.1 acres
Lot Area
Details:
Highlights:
- Stabilized with anchor tenants in place
- # of Tenants: 6
- 4 leases coming up for renewal in 2026
- Anchor tenant (Tire Shop) ~64% of total rent on 5-year lease
- Immediate upside potential
- 3.2 years WALT
Description:
Plaza Latina is a ±40,000 SF retail center situated on 3.1 acres along NE 23rd Street in Oklahoma City, offering strong frontage in a high-traffic corridor. The property is fully leased with approximately $25,500 in monthly base rent, anchored by a 23,000 SF tire shop and a gas station that together contribute a majority of the income. The tenant mix consists of service-oriented and neighborhood retail users, providing stable in-place cash flow with diversified tenancy. The asset has a weighted average lease term of approximately 3.2 years, with several shorter-term leases creating near-term rollover and rental upside. With recent renovations completed and multiple lease expirations in the near term, the property offers a balance of current income and value-add potential through lease-up and rent growth.
Discover the vibrant retail landscape surrounding this prime Oklahoma City location. Positioned in a bustling retail district, the area offers a mix of local boutiques, high-end shopping centers, and popular chain stores. Nearby, the Chisholm Creek development beckons with an array of dining and entertainment options, while the Quail Springs Mall provides a premium shopping experience. With its convenient access to major roadways and a growing residential community, the area presents an enticing opportunity for Retail and Street Retail investors looking to capitalize on the thriving Oklahoma City market.
Documents:
| Title | ||
|---|---|---|
| Plaza_Latina_OM.pdf | ||
| Plaza_Latina_OM.pdf |
Location
