HomeGoods – New Construction

821 N Czech Hall Rd. | Oklahoma City | OK |


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Property Highlights

    • Dominant grocery anchored shopping center
    • 14.2% population growth in 20-minute drive time over 5 years
    • Outstanding highway visibility from I-40 with 60,300 ADT and 14,148 on NW 10th St
    • Co-tenancy with Crest Foods, Ross, Petco, Marshalls, Burlington Coat Factory and Academy Sports + Outdoors
    • HomeGoods has signed a new 10-year lease
    • Center services Oklahoma City and growing suburb of Yukon
    • Heavy daytime traffic
    • Store is open

Property Details

  • Price: $ 10,000,000
  • Transaction Type: For Sale
  • Property Type: Retail
  • Cap Rate: 6.1%

Property Description

HMX Realty Advisors exclusively presents for sale a newly constructed HomeGoods in t he 335,100 sf Market at Czech Hall. The center attracted 2 million visits in the last 12 months and over 1.5 million are loyal customers who visited the center 4+ ti mes . The HomeGoods is located between Burlington Coat Factory and a 93,000 sf Crest Foods, which is the dominant grocer in the area and a large driver of traffic. Ross, Marshall’s, Petco, Academy Sports + Outdoors, 5 Below, ULTA, and Rack Room Shoes are also located in the center. Pad sites include Cheddar’s, Hooter’s, LongHorn Steakhouse, W hataburger, Taco Casa, Jam, Winston, Mo’ Bettah and Swig.

HomeGoods has signed a new 10 year lease with a 4% escalation in year six. Attached to the HomeGoods are three shop spaces, all with new 10 or 12 year leases with 10% escalations every 5 years. Tenants reimburse all operating expenses and pay management fees. Shop spaces are 4,200, 2,600 and 1,400 sf. HomeGoods is 23,100 sf.

Located on the border between Yukon and Oklahoma City, the center services both Oklahoma City residents and the bustling City of Yukon, which is experiencing robust demographic growth. The area has a higher disposable income that other parts of the market. Population growth is significant with a 19% growth rate in 5 miles.

The three shop space tenants included in the sale are a corporate Huntington Fine Jewelers, a corporate MOD Pizza and a European Wax franchise owned by the daughter of an Oklahoma billionaire . H omeGoods opened on September 1 st and the shop space tenants will be open by end of October.

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Financial Summary

Investment Highlights

Price $10,000,000.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $10,000,000.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income$0.00$0.00
Less Debt Service$0$0
Potential Net Cash Flow$0.00$0.00
Cash on Cash Return0.00 %0.00 %
Capitalization Rate0.00 %0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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