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Investment Highlights

  • Portfolio combines national-credit tenancy and multi-tenant retail income.
  • Family Dollar lease extends through December 2027 with a renewal option.
  • Recent renovations completed at Plaza Latina support tenant retention.
  • Fully occupied retail assets located along the NE 23rd Street corridor.
  • Plaza Latina is 100% leased with diversified neighborhood retail tenants.
  • Combined acquisition price of $3,700,000.

Executive Summary

This retail investment portfolio presents the opportunity to acquire two complementary retail assets positioned along the NE 23rd Street corridor in the Oklahoma City market. The portfolio combines a single-tenant Family Dollar property with a fully leased multi-tenant neighborhood shopping center, providing a blend of national-credit tenancy and diversified local tenant income.
The Family Dollar property at 2038 NE 23rd Street is occupied by an established national discount retailer operating under a modified-net lease structure. The lease extends through December 31, 2027, and includes one five-year renewal option, providing near-term income stability. The tenant is responsible for utilities, interior maintenance, and certain tax obligations, while the lease structure allocates specific capital and structural responsibilities to ownership.
Complementing the single-tenant asset is Plaza Latina, a fully leased neighborhood retail center located at 8467-8497 NE 23rd Street. The center is anchored by a long-term tire shop and supported by a diverse mix of service-oriented and neighborhood retail tenants. Positioned along a heavily traveled commercial corridor, the property benefits from established tenancy, recent renovations, and in-place cash flow generated by multiple income sources.
Together, the assets provide a combination of tenant diversification, stable occupancy, and established operating history within the Oklahoma City metropolitan area. The portfolio's location along one of the area's primary east-west commercial corridors offers visibility, accessibility, and exposure to surrounding residential neighborhoods and daily consumer traffic patterns. The combined income stream creates an opportunity for investors seeking both national tenant exposure and multi-tenant retail cash flow within a single acquisition.

Property Facts

Price $3,700,000
Price / SF $68.05 / SF
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 1
Total Building Size 54,375 SF
Total Land Area 3.68 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Family Dollar
2036-2038 NE 23rd St, Oklahoma City, OK 73111
Retail 14,375 SF 1960 -
Plaza Latina
8467-8497 NE 23rd St, Spencer, OK 73084
Retail 40,000 SF 1978 $3,300,000
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  • Listing ID: 42031470

  • Date on Market: 9/3/2026

  • Last Updated:

  • Address: Retail Portfolio, Oklahoma City, OK

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Retail Portfolio

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