2727 W Memorial Ave
Oklahoma City, OK 73134
Auction:6/5 - 6/7: NNN Free Standing Retail · Retail Property For Sale

Property Tour and Contact Detail Information: Property tours are available Thursday 5/25 & Thursday 6/1/17 8am - 11am & 1-5PM. Please contact the listing broker for scheduling. Investment Highlights: * One of five (5) locations operating in Oklahoma * Super-Regional Mall periphery pads attract top retail rental rates. The potential re-positioning of this building presents a significant value add opportunity * Tenant has occupied the building since 2003 * 1.5 years remaining on the lease * In the event Platt College does not extend their lease, the subject building's location is prime for retailers seeking to be within the retail regional hub or alternatively could be attractive creative office space for local businesses seeking exposure to over 90,000 cars per day, the daily traffic count. * Quail Springs Mall, owned by General Growth Properties, reporting over 1.1m square feet of leasable area, continues to expand and invest large capital reserves into new tenants including a 180,000 square foot Life Time Fitness. Investment Overview: 2727 W. Memorial Road is a 30,360 sq ft. building located along Memorial Rd. The single-tenant building sits on 2.84 acres with 170.89 feet of Memorial Road frontage, an ideal location for free standing retail. The tenant, Platt College has a current lease expiration of September 30, 2018 with no remaining renewal options, although chances of a lease extension are good. The building had new TPO roof installed in 2015 with 15 year warranty. The property is located along the highly desired West Memorial Road near Quail Springs mall with over 90,000 vehicles passing by every day. The single-tenant building sits on 2.84 acres with 170.89 feet of Memorial Road frontage.