9441 N Garnett Rd - Storefront FOR SALE


Owasso, OK 74055
$3,388,719 USD
918-384-9604
9441 N Garnett Rd, Owasso, OK for Sale
$3,388,719 USD
Storefront - FOR SALE
1/9
null | 6.25% Cap Rate

9441 N Garnett Rd
Owasso, OK 74055


HIGHLIGHTS

  • Newly Constructed Retail Asset Located in the Affluent Northern Tulsa, Oklahoma Submarket of Owasso
  • Situated within Smith Farm Village, a Thriving Mixed-Use Development with a Premier Lineup of National Retailers
  • Strong National Tenant Mix Anchored by Five Guys, Smoothie King, and Oklahoma’s Credit Union (OKCU)
  • Rents Average $38.07 PSF NNN, which is Below Market for Comparable New Construction Retail Space
  • Dominant Retail Corridor with Top- Performing National Retailers, including Target, Walmart Supercenter (Top 10% nationwide), Sam’s Club (#2 in OK)
  • Affluent Trade Area with an Average Household Income of $98,268 within One Mile and $110,308 within Five Miles

OVERVIEW

SHOP Companies is excited to offer the opportunity to acquire a fully leased, 5,552 square foot, three-tenant shopping center located in Owasso, OK, a growing and affluent suburb of Tulsa. The property is strategically situated within Smith Farm Village, a newly developed, highly sought-after mixed-use destination. The center is 100% leased to a strong tenant mix, including nationally recognized brands Five Guys, Smoothie King, and Oklahoma’s Credit Union (OKCU), ensuring long-term stability and value. With an average rent of just $38.07 PSF NNN, the rates are below market for comparable new construction retail space. All Tenants have an average lease term of over 9 years remaining with significant rental increases throughout their initial term and in their option periods. The property is located within a thriving retail corridor, surrounded by a premier lineup of national retailers. High-traffic anchors like Target, Walmart Supercenter (Top 10% nationwide), and Hobby Lobby (#1 in Oklahoma) drive strong consumer demand. Additional major retailers in the area include Lowe’s (775.1K annual visitors), Sam’s Club (#2 in Oklahoma), and Ross (#5 in Oklahoma), along with popular brands such as QuikTrip, McDonald’s, Chipotle, Five Guys, Ashley Homestore, TJ Maxx, Ulta Beauty, Old Navy, CAVA, and more. Just southeast of the property, The Silo at Smith Farm, a new residential development, is underway, offering amenities like a walking trail, picnic area, and playground, further enhancing the area's appeal. To the north, directly across the street, commercial expansion continues with the recent completion of a brand-new McDonald's and ongoing construction for a new Chase Bank. Owasso is recognized as one of the fastest-growing and most affluent suburbs in the Tulsa metro area, with a strong demographic base that supports retail success. The property is surrounded by affluent residential neighborhoods, with an average household income of $98,268 within one mile and $110,308 within five miles. Located at the highly visible intersection of E 96th Street North and N Garnett Road (42,550 VPD), the site benefits from unobstructed, bidirectional traffic flow. Additionally, direct access to Highway 169 (49,690 VPD), a major north-south corridor, provides seamless connectivity to Tulsa and the broader region.

FOR SALE DETAILS

PRICE

$3,388,719 USD

PRICE/SF

$613 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three-Tenant Retail Strip - Owasso, OK

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Fast Food, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matt MaguireSHOP CompaniesMore Info
918-384-9604

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Matt MaguireSHOP CompaniesMore Info
918-384-9604

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