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Auction - Briar Village | $479K NOI | 93% Occ 9122-9142 E 31st St 146,714 SF 93% Leased Retail Building Tulsa, OK 74145 $1,250,000 ($8.52/SF)
Investment Highlights
- STARTING BID $1,250,000 | Briar Village Shopping Center | $479K NOI | 93% Occupied | 146,714 SF | AUCTION JULY 13-15
- 93% occupied with 23 suites, offering diversified cash flow from a broad mix of fitness, thrift, restaurant, retail, and service-oriented tenants.
- Three large-format tenants occupy more than 51% of GLA, providing scale and income stability while smaller inline suites create mark-to-market upside.
- ±146,714 SF community shopping center on ±13.05 acres in the Tulsa MSA, with strong visibility along high traffic corridor (±20K VPD).
- Long-term anchor stability from 10 Gym and Eco Thrift, which recently executed 10-year leases through 2036 and together occupy more than 36%
- Below-market in-place rents create value-add upside, with average in-place rent of only $6.03/SF across the center and near-term rollover
Executive Summary
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Briar Village Shopping Center (the “Property”), a 146,714-square-foot community shopping center located at 9140 E 31st St in Tulsa, Oklahoma.
Briar Village is a well-established community retail center built in 1986 and situated on an expansive 13.05-acre site along East 31st Street, benefiting from excellent visibility and accessibility along a high-traffic corridor with more than 20,000 vehicles per day — further enhanced by prominent pylon signage that provides exceptional exposure to passing traffic. The Property is embedded within one of Tulsa’s most densely populated trade areas, supported by a robust residential base of over 250,000 residents within a 5-mile radius, providing a deep and consistent consumer pool for its diverse tenant roster.
The Property is anchored by 10 Gym and Eco Thrift, both long-standing tenants of over a decade who recently executed 10-year lease renewals through 2036, underscoring their sustained success and long-term commitment to the Property. Together, these two anchor tenants represent over 36% of total GLA and generate a combined $358,000+ in secured annual base rent through the end of the decade, establishing a reliable income foundation that buyers can underwrite with confidence from day one.
Briar Village is 93% occupied across 23 suites, home to a diverse mix of service, food, fitness, religious, wholesale, and personal care tenants — an inherently e-commerce-resistant roster that drives consistent, everyday foot traffic. In-place rents average just $6.03/SF across the center, representing one of the most compelling rent-to-market spreads available in the market and a clear runway to meaningful NOI growth as leases roll to current market rates in the coming years. Combined with the remaining vacant suites offering immediate leasing upside, Briar Village presents investors with a compelling blend of stabilized in-place income and actionable value-add potential — all anchored by a strong physical footprint in one of Tulsa’s most demand-driven infill corridors.
Briar Village is a well-established community retail center built in 1986 and situated on an expansive 13.05-acre site along East 31st Street, benefiting from excellent visibility and accessibility along a high-traffic corridor with more than 20,000 vehicles per day — further enhanced by prominent pylon signage that provides exceptional exposure to passing traffic. The Property is embedded within one of Tulsa’s most densely populated trade areas, supported by a robust residential base of over 250,000 residents within a 5-mile radius, providing a deep and consistent consumer pool for its diverse tenant roster.
The Property is anchored by 10 Gym and Eco Thrift, both long-standing tenants of over a decade who recently executed 10-year lease renewals through 2036, underscoring their sustained success and long-term commitment to the Property. Together, these two anchor tenants represent over 36% of total GLA and generate a combined $358,000+ in secured annual base rent through the end of the decade, establishing a reliable income foundation that buyers can underwrite with confidence from day one.
Briar Village is 93% occupied across 23 suites, home to a diverse mix of service, food, fitness, religious, wholesale, and personal care tenants — an inherently e-commerce-resistant roster that drives consistent, everyday foot traffic. In-place rents average just $6.03/SF across the center, representing one of the most compelling rent-to-market spreads available in the market and a clear runway to meaningful NOI growth as leases roll to current market rates in the coming years. Combined with the remaining vacant suites offering immediate leasing upside, Briar Village presents investors with a compelling blend of stabilized in-place income and actionable value-add potential — all anchored by a strong physical footprint in one of Tulsa’s most demand-driven infill corridors.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
146,714 SF
Building Class
C
Year Built/Renovated
1986/2013
Price
$1,250,000
Price Per SF
$8.52
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
13.05 AC
Zoning
CS - SHOPPING CENTER DISTRICT
Parking
624 Spaces (4.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Pylon Sign
- Security System
- Signage
- Storage Space
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $338,746 | |
| Land Assessment | $80,834 | Total Assessment | $419,580 |
Property Taxes
Parcel Numbers
Land Assessment
$80,834
Improvements Assessment
$338,746
Total Assessment
$419,580
Contacts
-
Chris Garavaglia -
Alex Perez -
Adam Sklaver -
Philip Kates -
Kyle Hynes -
Timothy Speck -
Marcus & Millichap
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Auction - Briar Village | $479K NOI | 93% Occ | 9122-9142 E 31st St
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