Property Description
HMX Realty Advisors exclusively presents Del Crest Center in Oklahoma City. It is a well-established, five-tenant shopping center strategically located at the new on and off ramps of Interstate 40, with a traffic count of 82,000 vehicles per day. I-40 was recently expanded to six lanes to alleviate congestion. Ownership recently relocated Family Dollar and put Boot Barn in their space at a higher rent. Harbor Freight agreed to a new 10-year lease in exchange for TI money. Boot Barn and Harbor Freight both have new 10-year leases. Peak Fitness visits are up 33% over the last 24 months and is ranks in the top 21% of all gyms in the state.
The property is at 4701 South East 15th Street in Del City Oklahoma which is a major retail corridor with a top- performing Walmart Supercenter and Home Depot. Area retailers include Academy Sports, Hobby Lobby, Burlington Coat Factory, Chick-fil-A, Wendy’s, Olive Garden, and Murphy USA. Tinker Air Force Base is 2.5 miles away and is the largest single site employer in Oklahoma with a payroll of 1.9 billion. See page 10. It is a critical use facility.
Key Investment Highlights:
Strong National Brands: Approximately 80% of the shopping center’s income is derived from national corporate tenants and 31% is investment grade
Strategic Location & Accessibility: The property’s is adjacent and between Interstate 40 (recently expanded to six lanes), and a top performing Walmart Supercenter and Home Depot
Proven Tenant Performance: According to Placer.ai visit data, all tenants are performing exceptionally well,
Historically Strong Occupancy: This shopping center has a consistent history of high occupancy with little to no vacancy, demonstrating its enduring appeal to tenants.
Capital Improvements: New roofs and HVAC systems were recently installed, minimizing near–term capital expenditure. The property is in excellent overall condition and well maintained.
Efficient Management: All tenants contribute a 4% management fee, streamlining operational costs.
