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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

Del Crest Shops-4303-4349 SE 15th St. Del City, OK 73115
• 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

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
59,000 SF
Building Class
B
Year Built/Renovated
1956/2017
Price
$2,125,000
Price Per SF
$36
Cap Rate
7.76%
NOI
$164,800
Percent Leased
51%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
5.23 AC
Zoning
C-3 - Commercial
Parking
600 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
450 FT on S Sunnylane Rd

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $4.00
  • Triple Net
  • Jul 2033

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.

  • Retailer
  • -
  • -
  • Triple Net
  • Aug 2020

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

Waffle House
Starbucks
Salad and Go
Buffalo Wild Wings
CashSaver
Golden Corral

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
153242195
Land Assessment
$40,427
Improvements Assessment
$137,137
Total Assessment
$177,564
  • Listing ID: 32691481

  • Date on Market: 8/5/2024

  • Last Updated:

  • Address: 4303-4349 SE 15th St, Del City, OK 73115

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