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Shopping Strip

El Reno Shopping Center

1701 Investors Ave, El Reno, OK 73036

Listing Price: $4,630,000

Cap Rate
6.25%
Gross SF
23,976
Rentable SF
23,976
Price/Gross SF
$193.11
Lot Size
2.48 acres
Year Built
2005

Investment Overview

El Reno Shopping Center is a 23,976-square-foot, Walmart shadow-anchored retail center located in El Reno, Oklahoma. The center is 100 percent occupied, and 90 percent of the gross leasable area has triple-net leases. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, including AT&T, Absolute Fitness, New Great Wall Chinese Restaurant, Kush Gardens, Luxury Nails, Jackson Hewitt, Farmers Insurance, KMG Martial Arts, and Brite Cleaners. Constructed in 2005, the subject property is situated on 2.48 acres with ample concrete parking. El Reno Shopping Center is located on Investors Avenue near the signalized intersection of South Country Club Road and Southwest 27th Street. The subject property is easily accessible from multiple ingress and egress points with traffic counts of approximately 11,044 vehicles per day off South Country Club Road. The center is a pad site to Walmart Supercenter. Other neighboring national and regional retailers in the area include Tractor Supply Co., Little Caesars Pizza, Valero, Burger King, McDonald's, Subway, Arby's, Braum's Ice Cream & Dairy Store, Wells Fargo, Domino's Pizza and many others. Several hotels are in close proximity to the center, such as Fairfield Inn & Suites, Hampton Inn, Home2 Suites by Hilton, Motel 6, Best Western, Baymont by Wyndham, Holiday Inn Express, and Regency Inn, providing additional traffic to the area.

Investment Highlights

  • 23,976-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart
  • 100% Occupied | 90% of the Gross Leasable Area has Triple-Net Leases | Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Located Near Signalized Intersection of South Country Club Road and Southwest 27th Street | Easily Accessible from Multiple Ingress and Egress Points
  • The City is Located 25 Miles West of Downtown Oklahoma City and is Part of the Oklahoma City MSA

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s) OK: 181981

    Oklahoma

Shopping Strip

El Reno Shopping Center

Listing Price: $4,630,000

Cap Rate
6.25%
Gross SF
23,976
Rentable SF
23,976
Price/Gross SF
$193.11
Lot Size
2.48 acres
Year Built
2005

Investment Highlights

  • 23,976-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart
  • 100% Occupied | 90% of the Gross Leasable Area has Triple-Net Leases | Tenant Base is a Complementary Mix of Internet-Resistant, Service-Oriented Businesses
  • Located Near Signalized Intersection of South Country Club Road and Southwest 27th Street | Easily Accessible from Multiple Ingress and Egress Points
  • The City is Located 25 Miles West of Downtown Oklahoma City and is Part of the Oklahoma City MSA

Investment Overview

El Reno Shopping Center is a 23,976-square-foot, Walmart shadow-anchored retail center located in El Reno, Oklahoma. The center is 100 percent occupied, and 90 percent of the gross leasable area has triple-net leases. The tenant base is a complementary mix of internet-resistant, service-oriented businesses, including AT&T, Absolute Fitness, New Great Wall Chinese Restaurant, Kush Gardens, Luxury Nails, Jackson Hewitt, Farmers Insurance, KMG Martial Arts, and Brite Cleaners. Constructed in 2005, the subject property is situated on 2.48 acres with ample concrete parking. El Reno Shopping Center is located on Investors Avenue near the signalized intersection of South Country Club Road and Southwest 27th Street. The subject property is easily accessible from multiple ingress and egress points with traffic counts of approximately 11,044 vehicles per day off South Country Club Road. The center is a pad site to Walmart Supercenter. Other neighboring national and regional retailers in the area include Tractor Supply Co., Little Caesars Pizza, Valero, Burger King, McDonald's, Subway, Arby's, Braum's Ice Cream & Dairy Store, Wells Fargo, Domino's Pizza and many others. Several hotels are in close proximity to the center, such as Fairfield Inn & Suites, Hampton Inn, Home2 Suites by Hilton, Motel 6, Best Western, Baymont by Wyndham, Holiday Inn Express, and Regency Inn, providing additional traffic to the area.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (918) 294-6300

    License(s): OK: 181981

    Oklahoma

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