18-78 E 33rd St - Freestanding FOR SALE


Edmond, OK 73013
$24,750,000 USD
816-868-1236
18-78 E 33rd St, Edmond, OK for Sale
$24,750,000 USD
Freestanding - FOR SALE
1/7
null | Request Cap Rate

18-78 E 33rd St
Edmond, OK 73013


HIGHLIGHTS

  • Placer-AI foot traffic rankings compared to it's peer group - 1st of 59 within 15 miles, 2nd of 197 in OK, & 391st of 16,363 in the USA.
  • Each of the trailing 3 years Edmond Crossing has experienced 1.9m visits. Better than 98% of it's peer group within the USA.
  • Located on the SEQ of the metro areas single busiest intersection (33rd & Broadway Extension) with 66,037 vehicles per day.
  • The main entrance is a fully signalized with 29,513 vehicles per day.
  • Chick-fil-a's traffic is so robust they gained approval to expand and double their drive-thru capacity in June-2023. (unowned pad)
  • Excellent complementary tenant mix. A patron of 1 tenant is likely a patron of all.

OVERVIEW

CBRE is pleased to offer for sale Edmond Crossing. Investors are drawn to the potential NERA TERM UPSIDE (11,188 sf was vacated in July 2023 - we received interest from 4 national tenants within 2 weeks). This vacancy will likely fill before YE 2023. Edmond is a wealthy suburb of Oklahoma City (25th largest metro in the USA). Incomes in Edmond are more than 30% greater than the US average, and cost of living in OK City metro is nearly 15% less than the US average. This dynamic leaves Edmond consumers with an ABUNDANCE OF DISCRETIONARY INCOME. Edmond Crossing has tenants selling 5X MORE than their average store across the USA. Approximately 1/2 of the income is paid by tenants with INVESTMENT GRADE CREDIT (S&P "BBB" or "A"). 70% of the income is from tenants with a national footprint. Edmond Crossing ranks #391st of 16,363 peer group centers in the country (according to Placer-AI June 2023 report); better than 98% of it's peer group in the USA.

FOR SALE DETAILS

PRICE

$24,750,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Edmond Crossing

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

778

LAND DETAILS

CROSS STREETS

SEC 33rd St & Broadway

LAND ACRES

14.14 AC

LAND SF

615,938 SF

ZONING

E-1

APN/PARCEL ID

129211000

ASK ABOUT THIS PROPERTY

Doug McFaddenCBRE, Inc.More Info
816-868-1236

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Doug McFaddenCBRE, Inc.More Info
816-868-1236

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