REIT Sale | Goodwill + Former Big Lots | 40% Occupied | 60K VPD | $185K NOI

Highlights:

• 2-Tenant Retail with Goodwill (4 Yrs Lease Remain) and Former Big Lots in Suburban OKC; Center with Anytime Fitness, Ace Hardware, Jersey Mike’s
• ±$185K In-Place NOI at 40% Occupancy and Value-Add via Lease-Up of the 30,912 SF Big Lots Vacancy
• Signalized Corner with ±38,620 VPD Traffic Counts on US Hwy 77 and ±21,257 VPD on E 15th Street in Dense Retail Corridor
• Nearby National Retailers: Home Depot, Lowe’s, Target, Starbucks, Chipotle, Firehouse Subs, Academy Sports, PetSmart, Dutch Bros, more
• Affluent Demographics with Population of ±168,638 and Annual Household Income of ±$130,812 (5-Mile)
• Central Location 1.8-Miles from University of Central Oklahoma (+12,500 Students) and Downtown Oklahoma City (20-Minutes)

Description:

Ri Marketplace Online Auction November 17th-19th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2822/reit-sale-goodwill-former-big-lots-40-occupied-60k-vpd-185k-noi?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2822

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire an inline, two-tenant retail building located within Edmond Plaza at 28 SE 15th Street, Edmond, Oklahoma 73013 (the “Property”). Currently ±39.75% occupied by Goodwill, the Property is offered significantly below replacement cost, creating an exceptional opportunity for investors to acquire a highly visible, strategically positioned asset in one of Greater Oklahoma City’s most desirable suburban markets.

Built in 1989, the Property comprises a ±51,306 SF single-story building with a clear height of 21’4”, situated on a ±185,403 SF (±4.26-acre) parcel. Positioned within Edmond Plaza, the site includes 188 surface parking spaces, prominent signage, and ±488 feet of frontage along S Broadway/US-77 (±38,620 VPD), with additional frontage and access from SE 15th Street (±21,257 VPD). The building offers two retail spaces, with Goodwill occupying ±20,394 SF (±39.75% of GLA) and the balance ±30,912 SF (±60.25% of GLA) formerly occupied by Big Lots, which vacated earlier in 2025 due to corporate bankruptcy. The Property remains income-producing with ±$185k in in-place net operating income, and also presents a significant value-add opportunity through lease-up at market rents. The 2nd generation retail infrastructure provides a functional vanilla-box layout, supporting immediate reuse. According to CoStar, market retail rents range from $16–$20/SF NNN, underscoring leasing potential and long-term value creation. The Property is zoned “D-2” Neighborhood Commercial, allowing a broad mix of retail, service, and commercial uses, offering flexibility for both investors and potential owner-users.

Edmond is centrally located in Oklahoma County, just ±20 minutes north of Downtown Oklahoma City, and serves as one of the metro’s most affluent and dynamic suburban hubs. The Property is positioned along S Broadway/US-77, one of Edmond’s primary retail corridors, providing excellent visibility and accessibility. It is also just ±1.8 miles from the University of Central Oklahoma (UCO), a major demand driver with ±12,500 students enrolled in Fall 2024, up 3.3% year-over-year. Downtown Oklahoma City and Will Rogers World Airport are both within a ±20-minute drive, reinforcing regional connectivity. The Property sits within Edmond Plaza, a community retail center surrounded by a dense corridor anchored by Target, Home Depot, Office Max, Ace Hardware, and Hobby Lobby, with dining options such as Chipotle, Popeyes, Chick-fil-A, Starbucks, and McDonald’s. Nearby daily-needs retailers, local service providers, and hospitality assets further enhance consumer draw and cross-traffic. This concentration of national brands, combined with Edmond’s above-average incomes, drives steady activity throughout the trade area. Additional demand drivers include Mercy Edmond Medical Center, Integris Health Edmond, and other large healthcare and education employers that generate consistent daytime population. Within a 5-mile radius, the area includes ±168,000 residents with an average household income of ±$130,812 and a median age of 35.9, reflecting a balanced mix of families, professionals, and young adults. This combination of affluence, institutional anchors, and strategic accessibility positions the Property as a premier retail opportunity in one of the most desirable submarkets in Greater Oklahoma City.


Richard Shawn Terrel
c/o Fisher Auction Company Inc.
License: BK#: 134099
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: