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Quailbrook Plaza 4401 W Memorial Rd 88,538 SF 88% Leased Retail Building Oklahoma City, OK 73134 $15,800,000 ($178.45/SF) 7.55% Cap Rate



INVESTMENT HIGHLIGHTS
- Quailbrook Plaza is an attractive investment for retail buyers with many long-term leases in place and value-add opportunities to increase NOI.
- Comprises 20 units at 87.5% occupancy with a mixed-use tenant roster of restaurants, medical users, general retailers, and professional services.
- Benefits from a powerful retail trade area with an average annual household income of $120,637 reported within a 3-mile radius.
- L-shaped center spanning 88,538 square feet on a 10.47-acre lot at Memorial Road and Kilpatrick Turnpike, seen by approximately 110K vehicles per day.
- Across the interstate from Mercy Hospital, one of Oklahoma’s top medical providers, which leases nearly half of the center for various specialties.
- Positioned along the sought-after Memorial corridor, near major destinations like Quail Springs Mall, Chisholm Creek, Class A office parks, and more.
EXECUTIVE SUMMARY
Capitalize on the strong demographics and high traffic of Northwest Oklahoma City by acquiring this thriving shopping center. Presented for sale by Phillip Mazaheri, CCIM at Price Edwards.
Quailbrook Plaza is an 88,538-square-foot property comprising 20 units with a gross income of more than $1.5 million. It is currently 87.5% occupied with a strong tenant mix of food and beverage, retail, service, and medical users, leaving ample potential for value-add initiatives while taking in immediate income. Quailbrook Plaza is situated on a 10.47-acre lot with unique Mediterranean-inspired architecture and pylon signage that deliver a standout presence in this high-traffic locale.
Located at 4401 W Memorial Road, along Kilpatrick Turnpike/Interstate 344, this is one of the most prominent and accessible addresses in Northwest Oklahoma City. Surrounding destinations such as the Gaillardia Country Club, Martin Park, Integris, Oklahoma Heart Hospital, Panera, Organic Squeeze, Residence Inn by Marriott, and more significantly elevate the daytime population in the vicinity. Quailbrook Plaza also has close ties to Mercy Hospital, which is opposite the freeway. The renowned healthcare provider has leased much of the center since 1999, with long-term in-place agreements. Demographic estimates provide an optimistic outlook on value appreciation. The population within a 15-minute drive is projected to increase by 4.33% within the next five years, far outpacing the national average growth rate, and many of these residents tend to be quite affluent. With a strategic position along the Memorial corridor, host to placemaking hubs like Chisholm Creek and Quail Springs Mall, the tenant desirability for space here is virtually guaranteed, making Quailbrook Plaza a premier opportunity to gain a foothold in this sought-after market.
Quailbrook Plaza is an 88,538-square-foot property comprising 20 units with a gross income of more than $1.5 million. It is currently 87.5% occupied with a strong tenant mix of food and beverage, retail, service, and medical users, leaving ample potential for value-add initiatives while taking in immediate income. Quailbrook Plaza is situated on a 10.47-acre lot with unique Mediterranean-inspired architecture and pylon signage that deliver a standout presence in this high-traffic locale.
Located at 4401 W Memorial Road, along Kilpatrick Turnpike/Interstate 344, this is one of the most prominent and accessible addresses in Northwest Oklahoma City. Surrounding destinations such as the Gaillardia Country Club, Martin Park, Integris, Oklahoma Heart Hospital, Panera, Organic Squeeze, Residence Inn by Marriott, and more significantly elevate the daytime population in the vicinity. Quailbrook Plaza also has close ties to Mercy Hospital, which is opposite the freeway. The renowned healthcare provider has leased much of the center since 1999, with long-term in-place agreements. Demographic estimates provide an optimistic outlook on value appreciation. The population within a 15-minute drive is projected to increase by 4.33% within the next five years, far outpacing the national average growth rate, and many of these residents tend to be quite affluent. With a strategic position along the Memorial corridor, host to placemaking hubs like Chisholm Creek and Quail Springs Mall, the tenant desirability for space here is virtually guaranteed, making Quailbrook Plaza a premier opportunity to gain a foothold in this sought-after market.
SALE FLYER
DATA ROOM Click Here to Access
- Sign CA for Approval to View Offering Memorandum
- Third Party Reports
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
88,538 SF
Building Class
B
Year Built
1987
Price
$15,800,000
Price Per SF
$178.45
Cap Rate
7.55%
NOI
$1,192,900
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
10.47 AC
Zoning
PUD - Planned Unit Development
Parking
449 Spaces (5.07 Spaces per 1,000 SF Leased)
Frontage
492’ on W Memorial Rd
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
4,044
63,131
174,322
269,285
2029 Population
4,138
64,968
179,901
288,750
2024-2029 Projected Population Growth
2.3%
2.9%
3.2%
7.2%
Median Age
45.8
37.7
36.8
37.3
College Degree + Higher
59%
49%
44%
29%
Daytime Employees
10,615
34,896
74,341
115,788
Total Businesses
1,293
4,681
9,103
16,474
Average Household Income
$142,038
$101,399
$96,806
$104,463
Median Household Income
$100,094
$76,257
$72,436
$80,718
Total Consumer Spending
$66.9M
$879.8M
$2.3B
$3.5B
2024 Households
1,739
28,160
73,331
112,536
Average Home Value
$479,047
$313,363
$284,613
$351,887
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 140726100 | Improvements Assessment | $397,214 |
| Land Assessment | $119,786 | Total Assessment | $517,000 |
PROPERTY TAXES
Parcel Number
140726100
Land Assessment
$119,786
Improvements Assessment
$397,214
Total Assessment
$517,000
SALE ADVISOR
Phillip Mazaheri, Retail Investment Specialist
Phillip Mazaheri, CCIM joined Price Edwards & Company in 2007 and has closed over $600,000,000 in investment sales, totaling over 8,100,000 square feet. Mazaheri sold nearly $200,000,000 of Retail Investments in the Oklahoma City Metro and DFW markets in 2022 – year-to-date. He also controls a portfolio of 1,500,000 square feet of existing and new construction retail leasing projects consisting of 17 properties including 282 tenants.
With over 18 years in the Oklahoma City marketplace, Phillip has been able to create a voluminous database of real estate investors. Combined with his extensive market knowledge and modern marketing technology, he is able to create maximum value for investors.
Phillip holds the Certified Commercial Investment Member designation (CCIM) and is a member of the International Council of Shopping Centers and TCN Worldwide. TCN offers 160+ offices in 24 countries, giving local and regional brokers access to 200+ markets, and networking ability that rivals that of any of the national firms. TCN currently has 445,000,000+ square feet under management with $58.6 Billion in transactions.
With over 18 years in the Oklahoma City marketplace, Phillip has been able to create a voluminous database of real estate investors. Combined with his extensive market knowledge and modern marketing technology, he is able to create maximum value for investors.
Phillip holds the Certified Commercial Investment Member designation (CCIM) and is a member of the International Council of Shopping Centers and TCN Worldwide. TCN offers 160+ offices in 24 countries, giving local and regional brokers access to 200+ markets, and networking ability that rivals that of any of the national firms. TCN currently has 445,000,000+ square feet under management with $58.6 Billion in transactions.
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Quailbrook Plaza | 4401 W Memorial Rd
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