9122-9142 E 31st St - Retail FOR SALE


Tulsa, OK 74145- Fulton
$1,250,000 USD
314-889-2552
9122-9142 E 31st St, Tulsa, OK for Sale
$1,250,000 USD
Retail - FOR SALE
1/15
null | Request Cap Rate

9122-9142 E 31st St
Tulsa, OK 74145
Fulton


HIGHLIGHTS

  • STARTING BID $1,250,000 | Briar Village Shopping Center | $479K NOI | 93% Occupied | 146,714 SF | AUCTION JULY 13-15
  • ±146,714 SF community shopping center on ±13.05 acres in the Tulsa MSA, with strong visibility along high traffic corridor (±20K VPD).
  • 93% occupied with 23 suites, offering diversified cash flow from a broad mix of fitness, thrift, restaurant, retail, and service-oriented tenants.
  • Long-term anchor stability from 10 Gym and Eco Thrift, which recently executed 10-year leases through 2036 and together occupy more than 36%
  • Three large-format tenants occupy more than 51% of GLA, providing scale and income stability while smaller inline suites create mark-to-market upside.
  • Below-market in-place rents create value-add upside, with average in-place rent of only $6.03/SF across the center and near-term rollover

OVERVIEW

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Briar Village Shopping Center (the “Property”), a 146,714-square-foot community shopping center located at 9140 E 31st St in Tulsa, Oklahoma. Briar Village is a well-established community retail center built in 1986 and situated on an expansive 13.05-acre site along East 31st Street, benefiting from excellent visibility and accessibility along a high-traffic corridor with more than 20,000 vehicles per day — further enhanced by prominent pylon signage that provides exceptional exposure to passing traffic. The Property is embedded within one of Tulsa’s most densely populated trade areas, supported by a robust residential base of over 250,000 residents within a 5-mile radius, providing a deep and consistent consumer pool for its diverse tenant roster. The Property is anchored by 10 Gym and Eco Thrift, both long-standing tenants of over a decade who recently executed 10-year lease renewals through 2036, underscoring their sustained success and long-term commitment to the Property. Together, these two anchor tenants represent over 36% of total GLA and generate a combined $358,000+ in secured annual base rent through the end of the decade, establishing a reliable income foundation that buyers can underwrite with confidence from day one. Briar Village is 93% occupied across 23 suites, home to a diverse mix of service, food, fitness, religious, wholesale, and personal care tenants — an inherently e-commerce-resistant roster that drives consistent, everyday foot traffic. In-place rents average just $6.03/SF across the center, representing one of the most compelling rent-to-market spreads available in the market and a clear runway to meaningful NOI growth as leases roll to current market rates in the coming years. Combined with the remaining vacant suites offering immediate leasing upside, Briar Village presents investors with a compelling blend of stabilized in-place income and actionable value-add potential — all anchored by a strong physical footprint in one of Tulsa’s most demand-driven infill corridors.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$14 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Briar Village | $479K NOI | 93% Occ

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

624

LAND DETAILS

CROSS STREETS

SWC E 31st St S & 93rd Ave

LAND ACRES

13.05 AC

LAND SF

568,458 SF

ZONING

CS

APN/PARCEL ID

04975-93-24-01380,04975-93-24-01382,04975-93-24-01385,04975-93-24-01419,04975-93-24-01438

ASK ABOUT THIS PROPERTY

Chris GaravagliaMarcus & MillichapMore Info
314-889-2552

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Chris GaravagliaMarcus & MillichapMore Info
314-889-2552

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