1104-1148 NE 36th St - Retail FOR SALE


Oklahoma City, OK 73111- Northeast Oklahoma City
$9,100,000 USD
918-370-2877
1104-1148 NE 36th St, Oklahoma City, OK for Sale
$9,100,000 USD
Retail - FOR SALE
1/5
null | 7.61% Cap Rate

1104-1148 NE 36th St
Oklahoma City, OK 73111
Northeast Oklahoma City


OVERVIEW

Northeast Town Center is a 95,787 SF neighborhood retail center located at 1148 NE 36th Street in Oklahoma City, offered at $9,100,000. The property is currently 68% occupied with 16 tenants. The asset generates $691,520 in net operating income, reflecting a 7.60% cap rate. The tenant mix includes national and service-oriented users such as Dollar Tree, Domino’s, Boost Mobile, and the Oklahoma Department of Human Services. The center is positioned along NE 36th Street, a heavily traveled corridor providing consistent traffic and accessibility. The property features a recently updated exterior and a large parking field to support tenant demand. There are two pad site opportunities located at the northeast corner of the property. These pad sites provide potential for additional income through ground-up development or outparcel sales. Several existing leases are below market, providing an opportunity to increase rents over time. The combination of in-place income, vacancy, and development potential positions the asset for both cash flow and value-add execution.

FOR SALE DETAILS

PRICE

$9,100,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

7.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Northeast Town Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

540

LAND DETAILS

LAND ACRES

8.63 AC

LAND SF

375,923 SF

ZONING

C-3

APN/PARCEL ID

133361845,133361850

ASK ABOUT THIS PROPERTY

Chandler MoreauMoreau Property AdvisorsMore Info
918-370-2877

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Chandler MoreauMoreau Property AdvisorsMore Info
918-370-2877

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