44th Street Shopping Center | Strong Mix of Tenants

Description:

STRONG MIX OF TENANTS WITH UPSIDE POTENTIAL
• 69% of Center has Been Operating at this Location for 10+ Years
• Directly off I-35 Which Oversees 128,000 Vehicles Per Day | High Density Location - $214,000+ Population Within a 5-Mile Radius
• Below Replacement Cost - $78 PSF
• Strong Mix of Tenants - Client Draw Through Multiple Touch-Points
• All Modified Gross Leases; Center Occupied by a Mix of National and Local Tenants
• Upside Potential - Buyer Can Renew With Triple Net Leases To Increase Total Cash Flow And Decrease Management Responsibilities
• All Short-Term Leases Offer Market Rent in Options Allowing for Immediate Upside Realization

AAA LOCATION | MOST POPULOUS CITY IN OKLAHOMA
• On the Corner of 44th Street and South Shallow Brook Drive - Overseeing 16,518 Vehicles Per Day
• Direct Access to I-35 – Overseeing Over 128,000 Vehicles Per Day | Near I-240 – Overseeing 188,700 Vehicles Per Day
• Surrounding Retail Includes Motel 6, Courtesy Inn, Dollar General, Shell Gas Station, and Comfort Inn
• Strong Demographics - 80,900 Residents Within 5 Miles and a Daytime Population of 214,290
• Local Schools Include Capitol Hill High School (1,483 Students); Santa Fe South High School (760 Students); Santa Fe South Middle School (1,483 Students); Cesar Chaves Elementary School (863 Students); Southeast High School (770 students); Parmelee Elementary School (867 Students); Webster Middle School (960 Students); and Hayes Elementary School (476 Students)

LARGEST MSA IN OKLAHOMA
• Oklahoma City Ranks 27th Among United States Cities in Population - Increasing to Over 643,648 in the Last Two Years
• Oklahoma City is the Principal City of the Eight-County Oklahoma City Metropolitan Statistical Area in Central Oklahoma and is the State’s Largest Urbanized Area.
• Oklahoma is the 20th Largest State in the United States, Covering an Area of 69,898 Square Miles
• Major Economic Activity Include Health Care, Energy, and Technology
• Top Employers Include Chesapeake Energy Corporation (Energy, 3,330 Employees); Foundation Healthcare Inc. (Health Care, 1,232 Employees); and Paycom (Technology, 2,546 Employees)

Documents: