1331 W Memorial Rd - Office FOR SALE


Oklahoma City, OK 73114
$10,895,000 USD
405-255-1236
1331 W Memorial Rd, Oklahoma City, OK for Sale
$10,895,000 USD
Office - FOR SALE
1/19
null | 8.9% Cap Rate

1331 W Memorial Rd
Oklahoma City, OK 73114


HIGHLIGHTS

  • Fully leased to Lowe’s Companies, Inc. under a long-term NNN lease through March 2030.
  • Two five-year renewal options provide extended income security.
  • Located in the Memorial Road corridor with direct access to John Kilpatrick Turnpike and I-344.
  • Surrounded by retail, hospitality, and commercial amenities, including Cabela’s and Best Western Plus.
  • 8.46-acre site offering strong connectivity and ample parking for corporate operations.
  • Institutional-quality office building serving as a mission-critical component of Lowe’s national headquarters operations.

OVERVIEW

The Loves Corporate Annex is a premier, 100% leased corporate office asset totaling 96,250 square feet, fully occupied by Loves Country Stores. Strategically located in the memorial Rd. office corridor of Oklahoma City, this institutional quality office building serves as integral extension of the company's national headquarters operations. The property is exclusively dedicated to Love's corporate functions, providing mission critical office space that supports one of the nation's leading travel stop and convenience store operators. The building's full occupancy by a single, nationally recognized corporate tenant offers investors a stable, cohesive tenancy profile with no vacancy exposure. Positioned in a highly accessible submarket with strong surrounding retail, dining, and commercial amenities, the loves corporate annex benefits from excellent connectivity to major transportation routes and proximity to executive housing communities. The asset represents a rare opportunity to acquire a fully stabilized corporate office investment backed by a creditworthy tenant occupying the entire rentable square footage. With 100% of the 96,250 square foot leased to and operated by loves corporate operations, this offering provides some secure income characteristics, operational significance to the tenant, and a long term strategic value within a premier office corridor of Oklahoma City.

FOR SALE DETAILS

PRICE

$10,895,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

8.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centre of America Shopping Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

499

LAND DETAILS

LAND ACRES

8.46 AC

LAND SF

368,518 SF

ZONING

C-3

APN/PARCEL ID

140316100

ASK ABOUT THIS PROPERTY

Chad KhourySolas Real EstateMore Info
405-255-1236

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Chad KhourySolas Real EstateMore Info
405-255-1236

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