Hobby Lobby & Dollar Tree plus shops Retail FOR SALE


Midwest City, OK
$15,650,000 USD
917-741-1525
, Midwest City, OK for Sale
$15,650,000 USD
Retail - FOR SALE
1/8
null | 6.84% Cap Rate

Hobby Lobby & Dollar Tree plus shops
Midwest City, OK


HIGHLIGHTS

  • Across from #1 Walmart Supercenter in Oklahoma and Home Depot.
  • 7.2 Year Weighted Average Lease Term as of 3/1/2026
  • Hobby Lobby and Dollar Tree are Investment grade (64% of rent)
  • Center gets 5.2 Million Visits per year and ranks in the top 5% of Community Shopping Centers Nationally
  • Fuzzy’s Taco Shop Ranks 2 out of 101 Locations Nationally
  • Shadow Anchored by Burlington Coat Factory and Academy Sports

OVERVIEW

HMX Realty Advisors is pleased to exclusively present for sale the Hobby Lobby and Dollar Tree sections of the Sooner Rose shopping center. The property is shadow anchored by Academy Sports + Outdoors, Burlington, and Regal Warren Cinemas. Pad sites include Olive Garden, Whataburger, Chick-fil-A, and Wendy's, and Mo’ Bettahs among others. Fuzzy’s Taco Shop ranks #2 out of 101 locations nationally and the developer contributed only $50 psf to the Hobby Lobby building resulting in a low build to suite rent of 9.25 psf. The shopping center ranks in the top 5% of all community shopping centers nationwide, drawing 5.1 million visits annually. As of March 1, 2026, the investment features a 7.2-year weighted average lease term. Notably, 64% of the center's income is investment grade or equivalent; while Hobby Lobby has no long-term debt, it is considered investment grade. Furthermore, 91% of the income is corporate backed. The property is located on SE 15th Street, the primary retail corridor of Midwest City within the Oklahoma City MSA. It sits directly across from the #1 ranked Walmart Supercenter in Oklahoma and Home Depot. The center is also located just two miles from Tinker Air Force Base, Oklahoma's largest single-site employer with 61,000 jobs. The base’s economic impact has grown from $4.5 billion in 2023 to $7.5 billion following significant expansions, including a new 131-acre site for the new B-21 Stealth Raider fleet and a recent 845,000-square-foot Pratt & Whitney facility. Major aerospace firms including Boeing, Northrop Grumman, and Lockheed Martin maintain a significant presence adjacent to the nine square mile base. Additionally, Rose State College, with 9,500 students and faculty, is located immediately to the south. This growing area and the proximity to major employers drive consistent traffic to the center, as evidenced by its high visit rankings.

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Rob JamesHMX1031.COMMore Info
917-741-1525

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Rob JamesHMX1031.COMMore Info
917-741-1525

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