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Grocery-Anchored High-Yield Value-Add Retail Westgate Center 62,474 SF 100% Leased Retail Building Woodward, OK 73801 For Sale
INVESTMENT HIGHLIGHTS
- Westgate Shopping Center is a six-tenant shopping center, dual-anchored by United Supermarkets, a 50+ year tenant, and Harbor Freight Tools.
- Set to benefit from a $250 million, four-lane highway project connecting Woodward to Interstate 40, allowing easy access to customers in OKC.
- This rare investment provides a diverse tenant mix with below-market gross leases and long-term upside growth potential.
- Direct frontage to US Route 412, Woodward’s primary commercial artery, provides the property with exposure to more than 19,000 vehicles daily.
- Close to Woodward’s most popular shopping and dining establishments, with easy points of ingress/egress and 218 on-site parking spaces.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
62,474 SF
Building Class
B
Year Built
1972
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
4.08 AC
Zoning
C - Commercial
Parking
218 Spaces (3.49 Spaces per 1,000 SF Leased)
Frontage
300’ on Oklahoma Ave
AMENITIES
- Freeway Visibility
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0001-00-069-001-0-000-00 | Improvements Assessment | $176,859 |
| Land Assessment | $34,023 | Total Assessment | $210,882 |
PROPERTY TAXES
Parcel Number
0001-00-069-001-0-000-00
Land Assessment
$34,023
Improvements Assessment
$176,859
Total Assessment
$210,882
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Grocery-Anchored High-Yield Value-Add Retail | Westgate Center
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