REIT Sale | Former Advance Auto Parts | 15K VPD | Oklahoma City

Highlights:

• 6,896 SF Value-Add Retail (Former Advance Auto Parts) in Oklahoma City
• 15,891 VPD Traffic Count Frontage and Visibility along SW 29th St; Minutes to I-44 (+130K VPD)
• Neighboring National Retailers: McDonalds, Walgreens, Burger King, DD’s Discount, Family Dollar, AutoZone, Dollar General, Sonic, KFC, Starbucks, and more

Description:

RI Marketplace Online Auction June 9-11, 2025
Register to bid on Marketplace:
https://rimarketplace.com/auction/2471/t?utm_source=brevitas&utm_medium=listing&utm_campaign=external

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 2520 Southwest 29th Street, Oklahoma City, Oklahoma 73119 (the “Property”). Formerly occupied by Advance Auto Parts, the Property is being offered significantly below replacement cost, presenting an excellent opportunity for owner/users or investors to acquire a highly visible and strategically located asset at a compelling basis. FIRST BID MEETS RESERVE!

Built in 2006, the Property consists of a one-story, free-standing retail building containing ±6,896 gross square feet, with 39 total surface parking spaces on a ±0.688-acre parcel (±29,988 SF). The site is easily accessible via one ingress/egress curb cuts and offers 200’ of frontage along SW 29th Street (±15,891 VPD). The Property offers a pylon sign and was previously occupied by Advance Auto Parts on a NNN lease and offers potential owner-users or investors the ability to unlock significant value-add potential through lease-up at long-term market rates (CoStar estimated retail rents of $13-15/SF NNN). Zoned I-1, Light Industrial District, the Property benefits from flexible zoning that allows for a broad range of commercial uses, making it well-suited for a variety of end users or redevelopment strategies.

Strategically located in Oklahoma City, the capital and largest city in the state, the Property benefits from prominent frontage along SW 29th Street, a well-traveled commercial corridor with ±15,891 vehicles per day (VPD). The site offers excellent visibility and convenient access to I-44 (±129,055 VPD, ±0.7-mi away) and I-40 (±91,482 VPD, ±3-mi away)—both major interstate highways that connect the metro area to the broader region. The surrounding trade area includes a wide mix of national retailers such as McDonalds, Walgreens, Burger King, DD’s Discount, Family Dollar, AutoZone, Dollar General, Sonic, KFC, and Starbucks, all of which contribute to strong daily needs traffic and retail demand. The Property is positioned within an extremely dense infill corridor surrounded by established neighborhoods and key educational demand drivers within 2 miles of the Property with a combined enrollment of 3,200+ students. This former Advance Auto Parts is located just 8 minutes from Will Rogers International Airport who had a record-breaking 4.6 million passengers in 2024 marking a 4.6% increase compared to 2023. Additional nearby demand generators include the Oklahoma Auto Exchange, OKC State Fair Grounds, Integris Health Baptist Medical Center and several large office and retail employers. The Property benefits from over ±87k residents within a 3-mi radius and services ±213,240 residents with an average household income of ±$68k within an expanded 5-mi radius. This central location, less than 15 minutes from Downtown Oklahoma City, paired with flexible zoning and strong surrounding demographics, presents a compelling opportunity for both users and tenants seeking a highly accessible, demand-rich urban location.

Lamar P. Fisher
Fisher Auction Company Inc.
License:
Internet Auctions Exempt from Licensing