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Edmond Crossing 18-78 E 33rd St

160,818 SF 99% Leased Retail Building Edmond, OK 73013 $24,750,000 ($154/SF)

Investment 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.
  • Located on the SEQ of the metro areas single busiest intersection (33rd & Broadway Extension) with 66,037 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)
  • Each of the trailing 3 years Edmond Crossing has experienced 1.9m visits. Better than 98% of it's peer group within the USA.
  • The main entrance is a fully signalized with 29,513 vehicles per day.
  • Excellent complementary tenant mix. A patron of 1 tenant is likely a patron of all.

Executive Summary

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.

Attachments

Edmond Crossing

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Freestanding
Building Size
160,818 SF
Building Class
B
Year Built
1995
Price
$24,750,000
Price Per SF
$154
Percent Leased
99%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.26
Lot Size
14.14 AC
Zoning
E-1 - Retail General Commercial which allows retail sales & services and restaurant uses.
Parking
778 Spaces (4.84 Spaces per 1,000 SF Leased)
Frontage
1,059 FT on E 33rd St

Amenities

  • Pylon Sign
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

The Cato Corporation, a leading specialty retailer with corporate offices located in Charlotte, NC, operates under three concepts, “Cato”, “Versona” and “It’s Fashion”. Each concept targets a different customer base, occupies a unique niche, and provides growth opportunities. Across all concepts, the Company provides the latest in fashion apparel and accessories, superior customer service and exceptional values. With stores nationally spread out, The Cato Corporation offers a broad assortment of on-trend fashion styles for any occasion – work or play, dressy or casual in missy and plus sizes at value prices every day. The company focuses on delivering excellence in fit, quality, fabrics and selection.

  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.

  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Since 1926, drivers have trusted Firestone Complete Auto Care to keep their vehicles running newer longer. And as America’s auto care needs have grown and changed, so have they. They’re a leading provider of maintenance, repairs and tires for a reason: because they believe in offering a complete auto care experience that perfectly meets customer needs. Their auto care advisors and service technicians take pride in understanding customers vehicle from bumper to bumper. Plus, they’ll always answer customers questions and explain their work to customers so they feel comfortable from the moment they walk in until they’re back on the road. They promise to provide the best customer service and offer the right solutions, so they can feel confident in knowing they’re customers complete auto care solution.

  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

At HomeGoods, customers can find an eclectic selection of home fashions from around the world, all at amazing prices. HomeGoods offers an ever-changing mix of merchandise, including furniture, rugs, lighting, soft home, decorative accessories, tabletop, cookware, and much more. The HomeGoods shopping experience complements its sister retail banner, Homesense, with expanded departments like pet, kids, and gourmet food. Introduced in 1992, HomeGoods operates across the U.S. including Puerto Rico. This chain has both a standalone and superstore format, which couples HomeGoods with a T.J. Maxx or Marshalls. HomeGoods also operates an e-commerce site, homegoods.com, which launched in 2021.

  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Rack Room Shoes believes shoes are more than just shoes, because they know that life is more than just footsteps. Rack Room Shoes and Off Broadway Shoe Warehouse are known as innovators and authorities in their industry. They offer a great variety of on-trend styles for women, men and children in athletic, comfort and dress categories, while providing a delightful and trusted shopping experience for their valued customers. They also offer outstanding values on a wide selection of nationally recognized brands and exclusive private brands. They are a subsidiary of The Deichmann Group, which is Europe’s largest shoe retailer. Staying true to the Deichmann family mission, they maintain a special commitment to those in need and has made it a fixture of their corporate culture.

  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Surge Entertainment by Drew Brees owns and operates large-scale family entertainment centers in the Southeastern United States. Attractions include upscale bowling, state-of-the-art arcades, immersive laser tag arenas, challenging ninja obstacle courses, trampoline courts and other extreme attractions. The heartbeat of Surge Entertainment by Drew Brees is their food and beverage options. From chef-crafted, scratch menu options, served in an exciting sports bar atmosphere, to corporate events in luxurious private spaces, to fully-stocked bars located throughout the facilities. Surge Entertainment by Drew Brees is owned by former NFL Quarterback Drew Brees and is headquartered in West Monroe, Louisiana.

  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

The TJX Companies, Inc., a Fortune 100 company, is a off-price retailer of apparel and home fashions in the U.S. and worldwide. Their mission is to deliver great value to customers every day. They do this by offering a rapidly changing assortment of quality, fashionable, brand name, and designer merchandise at prices percentages below full-price retailers’ regular prices on comparable merchandise. They operate stores across nine countries, including TJ Maxx, Marshalls, HomeGoods, Homesense, and Sierra, in the U.S.; Winners, HomeSense, and Marshalls in Canada; TK Maxx and Homesense in Europe, and TK Maxx in Australia. They also operate e-commerce sites for TJ Maxx, Marshalls, and Sierra in the U.S. and sites for TK Maxx in Europe. Their value mission extends to corporate responsibility efforts, which are focused on supporting associates, giving back in the communities they serve, the environment, and operating ethically.

  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Founded in 1980, in Joplin, Missouri, Vintage Stock was originally called Book Barn and sold used books. As time progressed and the company grew, they also diversified the product line to include other pre-owned products, including music, movies, video games, and new and used sports collectibles, trading cards, games, comics and toys. In 2006, Vintage Stock acquired the Dallas-based Movie Trading Co. locations from Blockbuster, adding over a million titles to choose from in new Movies, Music & Video Games. Starting in 2013, they acquired EntertainMART locations in Springfield, MO & Colorado Springs, CO, and, in late 2016, opened new ones in former Hastings locations in central Texas, Arkansas, New Mexico, Utah & Idaho. Also in late 2016, the company was purchased by Live Ventures Incorporated. Today, there are almost 60 locations in 10 states and they just keep growing.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum -
Retailer 99,999 SF - Lorem Ipsum -
Services 99,999 SF - Lorem Ipsum -
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Arts, Entertainment, and Recreation 99,999 SF - Lorem Ipsum -
Retailer 99,999 SF - Lorem Ipsum Jan 0000
Retailer 99,999 SF - Lorem Ipsum -

Nearby Major Retailers

Jason's Deli
Natural Grocers
Orangetheory Fitness
Kidstrong
Chili's Grill & Bar
MidFirst Bank
On The Border Mexican Grill
Sunbelt Rentals
Scooter's Coffeehouse
Sky Zone

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
129211000
Land Assessment
$152,098 (2023)
Improvements Assessment
$1,546,158 (2023)
Total Assessment
$1,698,256 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 25762673

  • Date on Market: 5/23/2022

  • Last Updated:

  • Address: 18-78 E 33rd St, Edmond, OK 73013

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