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Bridges of Spring Creek West

3 Retail Properties Offered at $4,735,000 in Edmond, OK

Investment Highlights

  • Project Includes Two Single Tenant Buildings and a Two- Tenant Building on Two Lots, Featuring NNN Leases and 10 Year Initial Terms
  • New Construction at a Signalized Intersection and All Three Buildings Featuring Drive-Thrus
  • Dynamic Trade Area Includes Over 1 Million SF of Retail, the University of Central Oklahoma, and OU Health Edmond Medical Center
  • 100% Leased – Tenant Mix Features Four High Growth, National QSR Brands
  • Over Half of the Income Guaranteed by Entities Managed by Savory Restaurant Fund, Which Operates over 150 Restaurants Nationwide
  • Located in Affluent Edmond, OK, with Average Incomes of $129k within a 5-Mile Radius

Executive Summary

SHOP Companies is pleased to exclusively offer the opportunity to acquire Lots 1 and 2 of the Bridges of Spring Creek West in Edmond, Oklahoma, comprising two freestanding single tenant buildings on Lot 1, one leased to Tropical Smoothie Café and one leased to Swig, and a two-tenant building on Lot 2 leased to Mo’Bettahs and Donato’s Pizza (the “Property”). The three buildings measure 7,700 SF (GLA) in total, were newly constructed in 2022 – 2023, and all three feature drive-thru lanes.

The two lots measure 3.56 acres in total and are situated just north of the intersection of E. 15th Street and N. Bryant Avenue, with almost 22k VPD past the site. The Property is ideally positioned between Edmond’s two most dynamic intersections for higher-end retail, with over 1 million square feet of retail at the intersection of 2nd & Bryant to the north and Edmond’s two premier lifestyle-oriented centers, Spring Creek Plaza and Spring Creek Village to the south. National retailers within one mile include Target, Lowes, Walmart Neighborhood Market, Ulta, Old Navy, Ross Dress For Less, among others. The Property’s tenant mix, entirely comprised of quick service food and beverage brands, is expertly tailored to multiple daytime demand drivers within one mile, including the University of Central Oklahoma (+17k enrollment), Edmond Memorial High School (2.3k enrollment), Hafer Park, and multiple elementary schools and church congregations.

Property Facts

Price $4,735,000
Price / SF $614.94 / SF
Cap Rate 6.75%
Sale Type Investment NNN
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 7,700 SF
Total Land Area 4.89 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1140-1148 S Bryant Ave, Edmond, OK 73034 Retail 5,300 SF 2023 -
1132 S Bryant Ave, Edmond, OK 73034 Retail 800 SF 2023 -
1124 S Bryant Ave, Edmond, OK 73034 Retail 1,600 SF 2023 -
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  • Listing ID: 31096237

  • Date on Market: 3/1/2024

  • Last Updated:

  • Address: Bridges of Spring Creek West, Edmond, OK

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