Corporate Family Dollar & Strip Center

$1,884,000

10911 N Western Ave, Oklahoma City, OK 73114

For Sale

Retail Neighborhood Center

Pending

Last Updated: 11/02/2021

Details:

NOI: $150,753

Building Size: 13,700 sqft

Lot Area: 1.5 acres

Year Built: Family Dollar - 2003 | Strip Center - 2012

Offered by

Peter Deltondo

CEO

M&M Newport Beach

Request Info to Unlock

Description:

TWO ASSETS WITH STRONG MIX OF TENANTS
• Two Assets Situated On A Large 1.5-Acre Lot - 13,700-Square Feet of Gross Leasable Area
• Corporate Guaranteed Tenant - Family Dollar | Approximately Five Years Remaining on a Triple Net Lease
• Strip Center has a Strong Mix of Tenants - Client Draw Through Multiple Touch-Points
• Both Assets Deliver a Mix of Modified Gross Leases and Triple-Net Leases
•Upside Potential - Buyer Can Renew With Triple Net Leases To Increase Total Cash Flow And Decrease Management Responsibilities

AAA LOCATION | MOST POPULOUS CITY IN OKLAHOMA
• On the Corner of West Hefner Road and North Western Avenue - Overseeing Over 61,305 Vehicles Per Day
• Easy Access to Two Major Highways | Highway 77 Overseeing 90,900 Vehicles Per Day and John Kilpatrick Turnpike Toll Road Overseeing 53,059 Vehicles Per Day
• Surrounding Retail Includes Auto Zone, Dollar General, 7 Eleven, and Cricket Wireless
• 5-Miles From Penn Square Mall | Two-Story, 1,063,000-Square-Foot Regional Shopping Mall With Over 10 Million Visitors Per Year
• Excellent Foundational Demographics – 5-Mile Population Over 167,361 With $50,800 Median Household Income
• Local Schools Include Heritage Hall Upper School (890 Students); Epic Charter School (2,064 Students); Britton Elementary School (633 Students); Casady School (900 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)