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Shopping Strip

Popshelf (Dollar General - NYSE : DG) & Bealls

4110 W Owen K Garriott Rd, Enid, OK 73703

Listing Price: $4,530,729

Cap Rate
7.00%
Gross SF
33,357
Rentable SF
33,357
Price/Gross SF
$135.83
Lot Size
1.88 acres
Year Built
1975

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 33,357 square-foot, multi-tenant shopping center anchored by Bealls Outlet and Popshelf, a complementary mix of retail-oriented tenants. It is located in Enid, Oklahoma and is 100 percent occupied, consisting of two triple-net leases. The center is priced at $136 per square foot which is well below the cost of replacement. Situated on 1.88 acres, the parking lot is easily accessible from multiple ingress and egress points.

The subject property is located on W Owen K Garriott Road with over 23,000 vehicles per day in front of the property. The center is located in a dense retail corridor. It is within close proximity to a Walmart Supercenter and is surrounded by many other national and regional retailers including McDonald's, Chick-fil-A, Lowe's, Big O Tires, Walgreens and Tractor Supply. There are 46,685 people within five miles of the property with an average household income of $58,957.

Enid holds the nickname of "Queen Wheat City" and "Wheat Capital" of Oklahoma for its immense grain storage capacity, and has the third-largest grain storage capacity in the world. Enid is the county seat of Garfield County, and is home to the county courthouse.

Investment Highlights

  • 33,357-Square-Foot, Multi-Tenant Retail Center
  • Anchored by Bealls Outlet and Popshelf | Tenant Base is a Complementary Mix of Retail-Oriented Tenants
  • 100% Occupied | Fully Stabilized Asset
  • Fair Market Value with Triple-Net Leases
  • Priced at $136 per Square Foot | Well Below Replacement Cost
  • Two Brand New 10-Year Leases
  • Assumable Loan in Place | 4.35% Interest Rate
  • In Close Proximity to a Walmart Supercenter | Other Nearby National and Regional Retailers include McDonald's, Chick-fil-A, Lowe's, Big O Tires, Walgreens, and Tractor Supply Co

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Shopping Strip

Popshelf (Dollar General - NYSE : DG) & Bealls

Listing Price: $4,530,729

Cap Rate
7.00%
Gross SF
33,357
Rentable SF
33,357
Price/Gross SF
$135.83
Lot Size
1.88 acres
Year Built
1975

Investment Highlights

  • 33,357-Square-Foot, Multi-Tenant Retail Center
  • Anchored by Bealls Outlet and Popshelf | Tenant Base is a Complementary Mix of Retail-Oriented Tenants
  • 100% Occupied | Fully Stabilized Asset
  • Fair Market Value with Triple-Net Leases
  • Priced at $136 per Square Foot | Well Below Replacement Cost
  • Two Brand New 10-Year Leases
  • Assumable Loan in Place | 4.35% Interest Rate
  • In Close Proximity to a Walmart Supercenter | Other Nearby National and Regional Retailers include McDonald's, Chick-fil-A, Lowe's, Big O Tires, Walgreens, and Tractor Supply Co

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 33,357 square-foot, multi-tenant shopping center anchored by Bealls Outlet and Popshelf, a complementary mix of retail-oriented tenants. It is located in Enid, Oklahoma and is 100 percent occupied, consisting of two triple-net leases. The center is priced at $136 per square foot which is well below the cost of replacement. Situated on 1.88 acres, the parking lot is easily accessible from multiple ingress and egress points. The subject property is located on W Owen K Garriott Road with over 23,000 vehicles per day in front of the property. The center is located in a dense retail corridor. It is within close proximity to a Walmart Supercenter and is surrounded by many other national and regional retailers including McDonald's, Chick-fil-A, Lowe's, Big O Tires, Walgreens and Tractor Supply. There are 46,685 people within five miles of the property with an average household income of $58,957. Enid holds the nickname of "Queen Wheat City" and "Wheat Capital" of Oklahoma for its immense grain storage capacity, and has the third-largest grain storage capacity in the world. Enid is the county seat of Garfield County, and is home to the county courthouse.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

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