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.