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.