Immediate Value-Add Opportunity - The center is 75% occupied giving an investor the opportunity to increase in-place NOI by approximately $91,000 through leasing up vacant suites at market rents (Source: Costar Analytics)
Below Market Rents - Current average property rent is $5.99 PSF which is 56.7% lower than the average retail rent in the surrounding area of $13.84 (Source: Costar Analytics)
Future Upside Potential – The average remaining lease term is just 1.73 years and 59% of the GLA has no extension options offering significant potential for rapid rent increases
Six Grocery Stores within a 2-Mile Radius, Significant Traffic Generators - Walmart, Walmart Neighborhood Market, Winco Foods, ALDI, Target and Crest Foods bring a combined 6.39 million annual visits into the area (Source: Placer.ai)
Dynamic Population Growth - Oklahoma City is the 20th largest city in America and the 6th fastest growing among those 20 cities (Source: US Census)