10404 N May Ave Ave - Freestanding FOR SALE


Oklahoma City, OK 73120- Lake Hefner
$2,900,000 USD
405-659-6782
10404 N May Ave Ave, Oklahoma City, OK for Sale
$2,900,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

10404 N May Ave Ave
Oklahoma City, OK 73120
Lake Hefner


HIGHLIGHTS

  • 1.49 WALT remaining and fully occupied
  • Mark-to-market opportunity
  • Densely-populated trade area with favorable consumer spending and demographics
  • National tenants nearby include Chick Fil A, CRUNCH Fitness, Hobby Lobby, Living Spaces, OnCue, Starbucks, Panda Express and more
  • 61% below replacement cost of $453/sf

OVERVIEW

Wiggin Properties is pleased to present the exclusive offering of Village Park North, a fully occupied multi-tenant retail asset offering a compelling mark-to-market opportunity in one of Oklahoma City’s most tightly held corridors at a basis well below replacement cost. With a long-standing tenant roster, a proven location, and the ability to immediately enhance value, Village Park North is a legacy asset poised for its next chapter under new stewardship. Oklahoma City is located in central Oklahoma in the heart of the I-35 Megalopolis, the #1 ranked Megapolitan Area for population and job growth since 2005. The Greater Oklahoma City is home to nearly 10% of the I-35 Megalopolis’ total population of 20.7 million. From 2010-2020, Oklahoma City was one of only 14 cities in the United States to grow by 100,000+ residents. Since 2010, Oklahoma’s MSA has grown 19% and GDP has grown 26%. Based on a sample from the Greater Oklahoma City Chamber, three out of four graduates from Oklahoma universities are found to be working in Oklahoma five years after graduation. OKC ranks fifth lowest in cost of living among U.S. urban areas, ranked No. 1 lowest unemployment rate among large metros (2.3%), has received the highest possible bond rating for 17 years in a row (AAA rating from S&P Global, Aaa rating from Moody’s Investors Service),the ninth most affordable child-raising costs in the United States, and more, highlighting the city’s attractiveness to invest, live, work, and play.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$2,000 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Village Park

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

C-2

APN/PARCEL ID

178962275,178962280

ASK ABOUT THIS PROPERTY

Ian SiouxWiggin Properties, LLCMore Info
405-659-6782

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Ian SiouxWiggin Properties, LLCMore Info
405-659-6782

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