351 N AIR DEPOT BLVD STE DD Midwest City OK 73110-1794

CBRE is pleased to present the opportunity to acquire Heritage Plaza, a 75,071 SF neighborhood center located just north of the signalized intersection of E. Reno Ave. and N. Air Depot Blvd. (nearly 31,800 VPD) in Oklahoma City’s East submarket. The 1987-vintage retail center features an all-brick façade, well-maintained asphalt parking lot, and concrete drive lanes, a superior physical asset when compared with any other retail center on the market at this price point. The center is anchored by People’s Church, a multi-location church established in 2002 which welcomes approximately 5,000 attendees per week. Many of Heritage Plaza’s tenants have long occupancy histories, with several having occupied space in the center for 20-25 years. The offering provides incredible value at only $39/SF, upside in rents and occupancy ($5.82/SF average in-place rents at 53.4% occupied). While the center has suffered economically as the adjacent Heritage Park Mall has struggled and eventually closed, the 50-acre mall site is slated for redevelopment, making this an opportunity for an investor to perhaps get into Heritage Plaza now at the proverbial bottom.