Investment Overview

The Village at Woodland Hills is a 223,124-square-foot, multi-tenant community retail center located in Tulsa, Oklahoma. The center is currently 94 percent occupied, and 84 percent of the gross leasable area has triple-net leases, providing upside potential to a future investor. Anchored by top-ranking Cinergy Cinemas & Entertainment and Sun & Ski Sports, the tenant base is a complementary mix national, regional, and local service-oriented businesses. Other major tenants include Hobby Town, Furniture Depot, American Leadership Academy, American HTV and Crafts, Vintage Stock, Tandy Leather, HuHot Mongolian Grill, and more. Originally constructed in 1986, the center sits on a large 22.02-acre parcel with ample paved parking. The Village at Woodland Hills is located on South Memorial Drive, near the intersection with East 71st Street, and is easily accessible from multiple ingress and egress points. The main access to the center from South Memorial Drive has traffic counts of approximately 30,596 vehicles per day. The subject property is shadow-anchored by a top-performing Walmart Supercenter, ranking in the 96th percentile nationwide and number two store in the state of Oklahoma based on annual visitors to all Walmart Supercenter stores (source: Placer.ai). Numerous other national and regional retailers are in the neighboring area, including Firehouse Subs, Discount Tire, Ollie's Bargain Outlet, Burlington, Verizon, WinCo Foods, Ross Dress for Less, Sam's Club, Nordstrom Rack, and many others. Directly across South Memorial Drive is the Woodland Hills Mall, a 1+ million square foot, super regional mall owned by Simon, featuring approximately 148 specialty shops and restaurants and anchored by a newly constructed Scheels store, JCPenney, Macy's, and Dillard's. The Village at Woodland Hills is also in close proximity to national hotel chains such as Holiday Inn Express & Suites, Courtyard by Marriott, Hampton Inn & Suites, Comfort Inn, Aloft, Renaissance, and others, providing additional traffic to the area.