Bridges of Spring Creek West
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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.
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 | Number of Properties | 3 |
Price / SF | $614.94 / SF | Individually For Sale | 0 |
Cap Rate | 6.75% | Total Building Size | 7,700 SF |
Sale Type | Investment NNN | Total Land Area | 4.89 AC |
Status | Active |
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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