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Village Park North 10404 N May Ave Ave 16,241 SF 100% Leased Retail Building Oklahoma City, OK 73120 $2,650,000 ($163.17/SF)
INVESTMENT HIGHLIGHTS
- 1.49 WALT remaining and fully occupied
- Densely-populated trade area with favorable consumer spending and demographics
- Below replacement cost of $453/sf
- Mark-to-market opportunity
- National tenants nearby include Chick Fil A, CRUNCH Fitness, Hobby Lobby, Living Spaces, OnCue, Starbucks, Panda Express and more
EXECUTIVE SUMMARY
Oklahoma City is located in central Oklahoma in the heart of the I-35 Megalopolis, the #1 ranked Megapolitan Area for population and job growth since 2005. The Greater Oklahoma City is home to nearly 10% of the I-35 Megalopolis’ total population of 20.7 million. From 2010-2020, Oklahoma City was one of only 14 cities in the United States to grow by 100,000+ residents. Since 2010, Oklahoma’s MSA has grown 19% and GDP has grown 26%. Based on a sample from the Greater Oklahoma City Chamber, three out of four graduates from Oklahoma universities are found to be working in Oklahoma five years after graduation.
OKC ranks fifth lowest in cost of living among U.S. urban areas, ranked No. 1 lowest unemployment rate among large metros (2.3%), has received the highest possible bond rating for 17 years in a row (AAA rating from S&P Global, Aaa rating from Moody’s Investors Service),the ninth most affordable child-raising costs in the United States, and more, highlighting the city’s attractiveness to invest, live, work, and play.
PROPERTY FACTS
AMENITIES
- Banking
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- -
- -
- Modified Gross
- -
CU Service Centers, Inc. (the "Company") was formed in 1995 by several Oklahoma credit unions to provide shared branching services for the members of credit unions that participate in the national shared branching system. As the operator of the Oklahoma shared branching network, the Company provides teller-based transaction services in six branches that it operates in Oklahoma and in over 100 credit union branches it has designated as shared branching outlets.
- Dallas & Co Inc
- Services
- -
- -
- Modified Gross
- -
- May Avenue Chiropractic Pc Inc
- Health Care and Social Assistance
- -
- -
- -
- -
-
- Wholesaler
- -
- -
- -
- -
Relax The Back® provides best-in-class wellness solutions to achieve a life well lived. Relax The Back was founded in 1984 by an osteopathic physician who wanted to make it easier for his patients to find the self-care products necessary to relieve their neck and back pain. The company began franchising in 1989 with the support of the medical community behind it. It is this relationship with the medical community that put Relax The Back in a unique position - that of a specialty wellness retailer. With success for nearly 40 years, the company embraces a holistic approach for a healthier lifestyle they call livewellness. With a large amount of stores throughout North America, and their website RelaxTheBack.com, their clients enjoy personalized experience with education and best in class ergonomic and wellness product solutions that address their unique needs.
- Uniform Shoppe Inc
- Retailer
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | - | - | Modified Gross | - | |
| Dallas & Co Inc | Services | - | - | Modified Gross | - | |
| May Avenue Chiropractic Pc Inc | Health Care and Social Assistance | - | - | - | - | |
|
|
Wholesaler | - | - | - | - | |
| Uniform Shoppe Inc | Retailer | - | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $121,697 | |
| Land Assessment | $36,228 | Total Assessment | $157,925 |
PROPERTY TAXES
