Del Crest -Investment Grade Anchored Shopping Center

4701 SE 15th St | Del City, OK 73115
For Sale

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Property Highlights

    • Strong Real Estate Fundamentals and Low Rents
    • Significant Tenant Investment
    • Visibility from Expanded I-40 with 86,000 VPD
    • Walmart Supercenter and Home Depot nearby
    • Near Tinker Air Force base with 28,000 military and civilian jobs

Property Details

  • Price: $9,275,401
  • Property Type: Retail
  • Transaction Type: For Sale
  • Cap Rate: 7.0%
  • NOI: $649,278

Property Description

HMX Realty Advisors exclusively presents for sale the Del Crest Center located in Oklahoma City. Tenants included in the sale are BioLife, Family Dollar, Harbor Freight, PEAK Fitness and T-Mobile. BioLife and PEAK fitness have invested heavily in their spaces. BioLife spent 3 million on a new roof and HVAC. PEAK fitness paid for a new facade and invested $500,000 on fixtures. This has resulted in a lower than average rent of $9.00 PSF for the Gym.

Family Dollar has been operating for 31 years at this location and had a new building constructed for them in 2015. Harbor Freight Tools has five locations in Oklahoma City and are known for not relocating stores and a strong commitment to their existing locations. This is Harbor Freight’s closest location to Tinker Air Force Base which is the largest single site employer in Oklahoma with more than 26,000 military and civilian employees. Tinker continues to add jobs and population to Oklahoma City.

The property has outstanding highway access and visibility. I-40 with 86,800 vehicles per day, just completed an expansion from four to six lanes and new on and off ramps were built directly adjacent to the Del Crest Center.

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Investment Highlights

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