11550 N 135th East Ave - Storefront FOR SALE


Owasso, OK 74055
$15,200,000 USD
918-935-2010
11550 N 135th East Ave, Owasso, OK for Sale
$15,200,000 USD
Storefront - FOR SALE
1/6
null | 6.91% Cap Rate

11550 N 135th East Ave
Owasso, OK 74055


HIGHLIGHTS

  • Reasor's, an owned subsidary of Brookshire , operates 18 locations throughout NE Oklahoma and their lease is guaranteed by Associated Wholesale Grocer
  • Reasor's has positive sales trends at this location with a low rent-to-sales ratio.
  • Diverse Tenant Mix: Garrett Creek Shopping Center has a diverse and stable tenant mix adverse to replacement with on-line shopping
  • Strategically located along Highway 169 and Highway 20

OVERVIEW

Garrett Creek Shopping Center is a 104,081 square foot grocery anchored center. Originally built in 2007, the center is strategically located along Highway 169 and Highway 20 to serve the Owasso, Collinsville, Oologah and Claremore communities. The center, which is 98% leased is anchored by Reasor’s with a 79,216 square foot grocery store. The remaining center is comprised of small shop medical, retail and restaurant users ranging in size from 1,250 square feet to 4,955 square feet. With limited in-line retail space in the submarket coupled with the continued housing growth, Garrett Creek Shopping Center is a stable investment offering with upside in rents from the small shop tenants.

FOR SALE DETAILS

PRICE

$15,200,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

6.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Garret Creek Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

623

LAND DETAILS

CROSS STREETS

US Hwy 169

LAND ACRES

13.81 AC

LAND SF

601,564 SF

ZONING

CS

APN/PARCEL ID

61134-14-09-24230

ASK ABOUT THIS PROPERTY

Grant StewartWiggin PropertiesMore Info
918-935-2010

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Grant StewartWiggin PropertiesMore Info
918-935-2010

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