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Del Crest Shopping Center 4303-4349 SE 15th St
59,000 SF 51% Leased Retail Building Del City, OK 73115 $2,125,000 ($36/SF) 7.76% Cap Rate
Investment Highlights
- VALUE ADD OPPORTUNITY: The center is currently 74.11% occupied, presenting any potential Buyer with a straightforward value-add opportunity to lease
- DIVERSE TENANT MIX: The property features a desirable mix of both local & national tenants such as Dollar Tree & Auto Zone, whom invested significan
- Priced at ±$36 PSF / WALT: 2.1 Years
- LEASE STRUCTURE: The center currently has five of the existing tenants on Month-to-Month leases, providing a potential investor flexibility for leas
- ROOF: Approx. 76.6% of the building was reroofed with TPO earlier this year (2024)
- Close Proximity to Tinker Air Force Base & Rose State College
Executive Summary
• Asking $2,125,000 (~7.75% Cap)
Ø Pro-Forma 15.5% Cap
• ~$36 PSF
• 25.89% Vacancy Rate
• Five of the Existing Tenants on MTM/Gross Leases
Anchored by Dollar Tree & AutoZone
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with stores in the US, Mexico, Brazil and Puerto Rico. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories. AutoZone, headquartered in Memphis, TN, is a growing Fortune 300 company with a deep commitment to serving their customers, communities and fellow AutoZoners. They have vast opportunities in their stores, distribution centers, field offices, specialty business units and Store Support Center and embrace diverse experiences, backgrounds, knowledge and ideas to strengthen their teams and business. Their team is connected by a deep commitment to their Pledge and Values, principles established more than thirty years ago that reinforce their priorities and team culture.
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.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Retailer | - | $4.00 | Triple Net | Jul 2033 | ||
Retailer | - | - | Triple Net | Aug 2020 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 4303
- 13,788 SF
- Retail
- -
- Now
- 4315
- 5,901 SF
- Retail
- -
- Now
- 4325
- 1,250 SF
- Retail
- -
- Now
- 4335
- 2,500 SF
- Retail
- -
- Now
- 4339
- 1,875 SF
- Retail
- -
- Now
- 4345
- 1,875 SF
- Retail
- -
- Now
- 4349
- 1,875 SF
- Retail
- -
- Now
Space | Size | Space Use | Position | Available |
4303 | 13,788 SF | Retail | - | Now |
4315 | 5,901 SF | Retail | - | Now |
4325 | 1,250 SF | Retail | - | Now |
4335 | 2,500 SF | Retail | - | Now |
4339 | 1,875 SF | Retail | - | Now |
4345 | 1,875 SF | Retail | - | Now |
4349 | 1,875 SF | Retail | - | Now |
4303
Size |
13,788 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
4315
Size |
5,901 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
4325
Size |
1,250 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
4335
Size |
2,500 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
4339
Size |
1,875 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
4345
Size |
1,875 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
4349
Size |
1,875 SF |
Space Use |
Retail |
Position |
- |
Available |
Now |
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 153242195 | Improvements Assessment | $137,137 |
Land Assessment | $40,427 | Total Assessment | $177,564 |
PROPERTY TAXES
Presented by
Del Crest Shopping Center | 4303-4349 SE 15th St
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