101-361 N Mustang Rd - Retail FOR SALE


Mustang, OK 73064
$9,700,000 USD
405-409-4400
101-361 N Mustang Rd, Mustang, OK for Sale
$9,700,000 USD
Retail - FOR SALE
1/13
null | 7.56% Cap Rate

101-361 N Mustang Rd
Mustang, OK 73064


HIGHLIGHTS

  • Good mix of national brands and local businesses
  • 98% Leased
  • Oversized parking lot
  • High traffic corner at SH 152 & Mustang Road

OVERVIEW

98% OCCUPIED 89,530 SF SHOPPING CENTER IN GROWING MUSTANG, OKLAHOMA Silver City Shopping Center presents an opportunity to acquire an almost fully occupied, substantially revitalized retail center at the high-traffic northwest corner of State Highway 152 and Mustang Road—an intersection positioned in the heart of Mustang’s rapidly expanding commercial corridor. The 89,530-square-foot shopping center features a balanced tenant mix of nationally recognized brands and established local businesses, including Tractor Supply Co., Leslie’s Pool Supplies, Marco’s Pizza, and other retail, restaurant, and service-oriented tenants. This diversified rent roll supports consistent traffic while providing the community with a broad range of everyday products and services. Investment Highlights 89,530± SF neighborhood shopping center 98% occupied Prominent northwest-corner location at SH 152 and Mustang Road Diversified mix of national and established local tenants Approximately 400 parking spaces Substantial ownership investment in building and site improvements Rehabilitated and modernized tenant spaces Improved rental rates and strengthened tenant retention Located within Mustang’s expanding residential and commercial market Established management and leasing history through InterWest Realty Successful Repositioning and Capital Improvements The current owner acquired Silver City Shopping Center approximately five years ago when the property was experiencing deferred maintenance, extended vacancies, below-market rents, and operational challenges. Recognizing the center’s location and long-term potential, ownership implemented a comprehensive renovation, leasing, and management strategy. The repositioning was successfully completed despite the operational challenges created by the COVID-19 pandemic, rising inflation, and increasing interest rates. Ownership remained focused on tenant retention, competitive lease terms, strategic rent growth, and attracting new businesses capable of strengthening the center’s long-term tenant mix. Major improvements included resurfacing the asphalt portion of the parking lot and completing extensive concrete repairs throughout the property. These improvements restored the parking areas to a substantially improved condition and enhanced accessibility, appearance, and convenience for tenants and customers. Vacant suites were rehabilitated and leased, with improvements that included updated flooring, HVAC work, and modern decorative finishes. These investments helped reposition Silver City Shopping Center as a professionally operated, attractive, and fully occupied retail destination. Established Tenant Mix and Community Presence Silver City Shopping Center combines the stability and customer draw of national brands with the community connection of locally operated businesses. This mix has helped create a sustainable retail environment that serves Mustang residents while supporting long-term tenant retention. The center’s approximately 400 parking spaces provide generous capacity for customers and employees, reducing the parking constraints commonly experienced at comparable shopping centers. Mustang Growth Corridor Mustang is a growing western submarket of the Oklahoma City metropolitan area, supported by continued residential development, population growth, and expanding demand for retail and service businesses. Silver City Shopping Center’s location at SH 152 and Mustang Road places it at one of the community’s most recognizable and accessible commercial intersections. InterWest Realty originally brokered the owner’s acquisition of the property and has continued to manage and lease the center throughout its transformation. This operational history provides prospective purchasers with valuable insight into the property, tenant relationships, capital improvements, and future potential. Silver City Shopping Center offers a compelling combination of 98% occupancy, a diversified tenant base, substantial completed improvements, abundant parking, and a prominent location within a growing Oklahoma City suburb. Tenant information and additional property details are available in the offering brochure: https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:e41347b4-cdcd-4c07-b923-927386cfb6b0 Contact InterWest Realty for offering information, financial details, or to schedule a property tour. InterWest Realty Office: 405-752-2525 George Huffman: 405-409-4400 Email: george@iwpok.com

FOR SALE DETAILS

PRICE

$9,700,000 USD

PRICE/SF

$108 USD /SF

CAP RATE

7.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Silver City Shopping Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Garden Center, Bowling Alley, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

604

LAND DETAILS

LAND ACRES

9.46 AC

LAND SF

412,078 SF

ZONING

Commercial

APN/PARCEL ID

090006612

ASK ABOUT THIS PROPERTY

George HuffmanInterWest RealtyMore Info
405-409-4400

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George HuffmanInterWest RealtyMore Info
405-409-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.