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OKC Strip Center - Oklahoma City, OK 7220 S Western Ave 16,080 SF 80% Leased Retail Building Oklahoma City, OK 73139 $3,200,000 ($199.00/SF) 7.14% Cap Rate
Investment Highlights
- Oklahoma City remains one of the fastest-growing major U.S. urban centers, adding over 8,000 residents recently.
- High entry cap, vacancy, and lease-up opportunity create a path to significantly enhance returns for the next owner.
- On-site parking lot to accommodate retail tenants.
- Positioned on a major south OKC commercial artery with over 30,000 VPD and adjacent national/regional tenants.
- Current price per SF significantly below estimated replacement cost, delivering built-in equity for investors.
- Oklahoma City’s housing market and labor force growth reflect its affordable cost of living and solid employment base.
Executive Summary
Introducing a prime investment opportunity in Oklahoma City. This 16,080 SF property, renovated in 2017, is a beacon of potential for retail/street retail investors. Boasting a strategic location in a C-3 zoned area, this property offers endless possibilities. Built in 2017 and currently at eighty percent (80%) occupancy, it presents a blank canvas for savvy investors to maximize its potential. With a focus on retail and street retail, this property is ideal for those seeking to capitalize on a thriving market and make their mark in this dynamic Oklahoma City location.
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,080 SF
Building Class
B
Year Built
2017
Price
$3,200,000
Price Per SF
$199.00
Cap Rate
7.14%
NOI
$228,500
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
1.50 AC
Zoning
Commercial - C-3, Retail
Parking
98 Spaces (6.09 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Tenant Controlled HVAC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Brick City Cannabis
- Educational Services
- 4,824 SF
- $17.41
- Double Net
- Apr 2028
- El Fogón Restaurent
- Accommodation and Food Services
- 1,608 SF
- $22.39
- Modified Gross
- Sep 2027
- Oklahoma Red Door Management
- Management of Companies and Enterprises
- 4,824 SF
- $21.14
- Double Net
- Oct 2027
- Paint Beauty Nail Salon
- Services
- 1,608 SF
- $18.66
- Modified Gross
- Jul 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Brick City Cannabis | Educational Services | 4,824 SF | $17.41 | Double Net | Apr 2028 | |
| El Fogón Restaurent | Accommodation and Food Services | 1,608 SF | $22.39 | Modified Gross | Sep 2027 | |
| Oklahoma Red Door Management | Management of Companies and Enterprises | 4,824 SF | $21.14 | Double Net | Oct 2027 | |
| Paint Beauty Nail Salon | Services | 1,608 SF | $18.66 | Modified Gross | Jul 2027 |
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 102400100 | Improvements Assessment | $169,081 |
| Land Assessment | $53,386 | Total Assessment | $222,467 |
Property Taxes
Parcel Number
102400100
Land Assessment
$53,386
Improvements Assessment
$169,081
Total Assessment
$222,467
Contacts
-
Clayton Coassin -
Gary Berwick -
Andrew Adam -
Bryce Pugh -
Thomas Gorman -
Sands Investment Group, NC
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