4901 N May Ave
Oklahoma City, OK 73112
Mayfair (Building 4) · Retail Property For Sale

SHOP Companies is pleased to exclusively offer the opportunity to acquire Building 4 of Mayfair shopping center in Oklahoma City, Oklahoma, a two-tenant, 100% occupied 15,930 SF building occupied by Rockler Woodworking and Touchstone Imaging (the “Property”). The building is situated on 1.03 acres (MOL), was originally built in 1950 and then completely renovated to like-new condition in 2022 – 2023 with a scope including new roof, new rooftop package HVAC units, new concrete slab, new façade, new glass storefront, upgraded site utilities and paving work, new signage and more.
Mayfair is reported to be Oklahoma City’s first suburban shopping center and has been a fixture within the retail trade area for 75 years, situated on both the east and west sides of N. May Avenue at the signalized intersection of NW 50th Street. Mayfair is the geographic center, and the historical core of the retail trade area bounded by three of the metro area’s heavily trafficked highways – south of Northwest Expressway (39k VPD), north of Interstate 44 (95k VPD), and east of Lake Hefner Parkway (117k VPD). This trade area is one of the densest in the city, with over 101k people with average incomes of approximately $103k/year residing within in a 3-mile radius. The daytime population swells dramatically to almost 363k within a 5-mile radius, with nearby INTEGRIS Health Baptist Medical Center and its 9,000 employees and 508 hospital beds acting as a critical employment hub.
The trade area within a 1-mile radius is one of the few near-urban shopping destinations in Oklahoma City with retailer demand to support urban land prices and new construction costs. Construction is nearing completion one mile east at OAK, a 20-acre, ground-up urban village with the first phase featuring 135,000 SF of retail, a 132-room Lively Hotel and 320 luxury multifamily residences. In addition to established brands like Capital Grille, Pottery Barn and Williams Sonoma, new-to-market tenants such as RH, Tommy Bahama, Marlin Bar, Arhaus and Mesero are also joining the development. Other national retailers within one mile include Target, Sam’s Club, Home Depot, Lowes, Aldi, CVS, and Walgreens among others.
Building 4 at Mayfair offers investors a rare combination of attributes not found in most neighborhood retail investments – national credit tenants, long-term lease agreements, newly renovated improvements, and a diversified and economically uncorrelated tenant mix. Rockler, a national leader in woodworking and hardware retailing owns and operates 48 stores across the country. In addition to their brick-and-mortar locations, Rockler’s website is the most trafficked website in the woodworking industry, and they are consistently ranked as one of the top 500 Internet retailers. Touchstone Imaging owns and operates over 70 best-in-class diagnostic imaging facilities and partners with leading healthcare systems, making it critical that they occupy sites such as this with physical proximity to the offices of their referring physicians at INTEGRIS.