4401 W Memorial Rd - Retail FOR SALE


Oklahoma City, OK 73134- Remington
$15,800,000 USD
405-400-1443
4401 W Memorial Rd, Oklahoma City, OK for Sale
$15,800,000 USD
Retail - FOR SALE
1/20
null | 7.55% Cap Rate

4401 W Memorial Rd
Oklahoma City, OK 73134
Remington


HIGHLIGHTS

  • Quailbrook Plaza is an attractive investment for retail buyers with many long-term leases in place and value-add opportunities to increase NOI.
  • L-shaped center spanning 88,538 square feet on a 10.47-acre lot at Memorial Road and Kilpatrick Turnpike, seen by approximately 110K vehicles per day.
  • Comprises 20 units at 87.5% occupancy with a mixed-use tenant roster of restaurants, medical users, general retailers, and professional services.
  • Across the interstate from Mercy Hospital, one of Oklahoma’s top medical providers, which leases nearly half of the center for various specialties.
  • Benefits from a powerful retail trade area with an average annual household income of $120,637 reported within a 3-mile radius.
  • Positioned along the sought-after Memorial corridor, near major destinations like Quail Springs Mall, Chisholm Creek, Class A office parks, and more.

OVERVIEW

Capitalize on the strong demographics and high traffic of Northwest Oklahoma City by acquiring this thriving shopping center. Presented for sale by Phillip Mazaheri, CCIM at Price Edwards. Quailbrook Plaza is an 88,538-square-foot property comprising 20 units with a gross income north of $1.5 million. It is currently 87.5% occupied with a strong tenant mix of F&B, retail, service, and medical users, leaving ample potential for value-add initiatives while taking in immediate income. Quailbrook Plaza is situated on a 10.47-acre lot with unique Mediterranean-inspired architecture and pylon signage that make a standout presence in this high-traffic locale. Located at 4401 W Memorial Road, along Kilpatrick Turnpike/Interstate 344, this is one of the most prominent and accessible addresses in Northwest Oklahoma City. Surrounding destinations like the Gaillardia Country Club, Martin Park, Integris, Oklahoma Heart Hospital, Panera, Organic Squeeze, Residence Inn by Marriott, and more significantly elevate the daytime population in the vicinity. Quailbrook Plaza also has close ties to Mercy Hospital, opposite the freeway, as the renowned health care provider has leased much of the center since 1999, with long-term agreements still in place. Demographic estimates provide an optimistic outlook on value appreciation. The population within a 15-minute drive is projected to increase by 4.33% within the next five years, far outpacing the national average growth rate, and many of these residents tend to be quite affluent. With a strategic position along the Memorial corridor, host to placemaking hubs like Chisholm Creek and Quail Springs Mall, the tenant desirability for space here is virtually guaranteed, making Quailbrook Plaza a premier opportunity to gain a foothold in this sought-after market.

FOR SALE DETAILS

PRICE

$15,800,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

7.55%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quailbrook Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

449

LAND DETAILS

LAND ACRES

10.47 AC

LAND SF

456,073 SF

ZONING

PUD

APN/PARCEL ID

140726100

ASK ABOUT THIS PROPERTY

Phillip MazaheriPrice Edwards & CompanyMore Info
405-400-1443

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Phillip MazaheriPrice Edwards & CompanyMore Info
405-400-1443

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