101 N Douglas Blvd - Freestanding FOR SALE


Midwest City, OK 73130
$5,300,000 USD
405-342-3814
101 N Douglas Blvd, Midwest City, OK for Sale
$5,300,000 USD
Freestanding - FOR SALE
1/4
null | 7.52% Cap Rate

101 N Douglas Blvd
Midwest City, OK 73130


HIGHLIGHTS

  • Boulevard Market Place: Located at 101 N Douglas Boulevard, the property spans 35,597 square feet on 3.25 acres and is anchored by Dollar Tree.
  • Adjacent to High-Performing Grocer: Boulevard Marketplace is shadow-anchored by Crest Foods, a large-volume regional grocer with 10 locations.
  • Immediate Value-Add Opportunity with Existing Cash Flow: The occupancy of 76% provides the opportunity to immediately increase NOI.
  • Shallow Bay Depth Advantage: The shallow bay depth provides more frontage and allows for smaller, more desirable spaces.
  • Recent Capital Improvements: New roof in 2021, new awnings and façade in 2021, and the parking lot was repaired, sealed, and striped in 2022.
  • Strategic Hard Corner Site: Irreplaceable corner site at a signaled intersection seen by over 33,000 vehicles per day.

OVERVIEW

NAI Sullivan Group presents the sale of Boulevard Marketplace, located at 101 N Douglas Boulevard in Midwest City, Oklahoma. This is the premier opportunity for investors to cement a presence in this east OKC suburb with immediate income and ample value-add potential. Boulevard Marketplace spans 35,597 square feet on 3.25 acres at the corner of N Douglas Boulevard and E Reno Avenue, a primary thoroughfare that connects the property to Downtown Oklahoma City. 2021 improvements delivered a new roof, awnings, and façade, and the parking lot was fully redone in 2022. Boulevard Marketplace is anchored by Dollar Tree with a diverse mix of other businesses, including restaurants, professional services, a hearing loss center, general retailers, a dentist, and more, drawing a diverse range of consumers. Boulevard Marketplace’s shallow bay depth offers another advantage for investors as it provides more frontage and allows for smaller spaces, which broadens the spectrum of potential users. Located at 101 N Douglas Boulevard, about 2 miles from Interstate 40, Boulevard Marketplace is immersed in a bustling environment that is still highly accessible for consumers throughout the metro. The second-largest employer in the Oklahoma City area, Tinker Air Force Base, is 6 miles from the center, and SSM Health St. Anthony, another top 10 employer, has a hospital 1.5 miles down the road. This is an ideal retail stop for military personnel and commuters, plus the area boasts a substantial daytime employment population of 22,740 people within just 3 miles. That same area is projected to see its number of households steadily rise about 0.5% annually through 2029.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

7.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Boulevard Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

E Reno Ave

LAND ACRES

3.25 AC

LAND SF

141,570 SF

ZONING

Commerical

APN/PARCEL ID

125231000

ASK ABOUT THIS PROPERTY

David HartnackNAI Sullivan GroupMore Info
405-342-3814

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David HartnackNAI Sullivan GroupMore Info
405-342-3814

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.