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29954764
29954759

5835 SE 15th St, Midwest City, OK 73110 For Sale

DD
NY 40DE0945716
HMX Realty Advisors
RJ
NY NY 10311201830
HMX Realty Advisors
Listed by HMX Realty Advisors
$15,650,000
123 days on market
Updated 113 days ago

Hobby Lobby - Dollar Tree - Rally House - Fuzzy's Taco Shop

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 77,574
Units 5
Cap Rate 7.00%
NOI $1,070,759
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar Tree, Hobby Lobby (+3)
Lease Type NNN
Rent Bumps Yes
Broker Co-Op Yes
Class B
Year Built 2016
Buildings 1
Stories 1
Investment Type Stabilized
Tenant Credit Credit Rated, Franchisee (+2)
Ground Lease No

HOBBY LOBBY – DOLLAR TREE – RALLY HOUSE – FUZZY’S TACOS – MOUNTAIN MIKE’S PIZZA at SONNER ROSE

Marketing description

HMX Realty Advisors is pleased to exclusively present for sale the Hobby Lobby, Dollar Tree, Rally House, Fuzzy's Taco Shop and Mountain Mike's Pizza sections of the Sooner Rose shopping center. As of March 1, 2026, the investment features a 7.2-year weighted average lease term. Notably, 64% of the center's income is investment grade or equivalent; while Hobby Lobby has no long-term debt, it is considered investment grade. Furthermore, 91% of the income is corporate-backed. The property is shadow-anchored by Academy Sports + Outdoors, Burlington, and Regal Warren Cinemas. Pad sites include Olive Garden, Whataburger, Chick-fil-A, and Wendy's, and Mo’ Bettahs among others. Fuzzy’s Taco Shop ranks #2 out of 101 locations nationally and the developer contributed only $50 psf to the Hobby Lobby building resulting in a low build to suite rent of 9.25 psf.

The shopping center ranks in the top 5% of all community shopping centers nationwide, drawing 5.1 million visits annually.

The property is located on SE 15th Street, the primary retail corridor of Midwest City within the Oklahoma City MSA. It sits directly across from Home Depot and benefits from immediate proximity to the state’s top-ranked Walmart Supercenter.

The center is also located just two miles from Tinker Air Force Base, Oklahoma's largest single-site employer with 61,000 jobs. The base’s economic impact has grown from $4.5 billion in 2023 to $7.5 billion following significant expansions, including a new 131-acre site for the new B-21 Stealth Raider fleet and a recent 845,000-square-foot Pratt & Whitney facility. Major aerospace firms including Boeing, Northrop Grumman, and Lockheed Martin maintain a significant presence adjacent to the nine square mile base.

Additionally, Rose State College, with 9,500 students and faculty, is located immediately to the south. This growing area and the proximity to major employers drive consistent traffic to the center, as evidenced by its high visit rankings.

Investment highlights

7.2 Year Weighted Average Lease Term as of 3/1/2026

Hobby Lobby is Considered Investment Grade (no long-term debt)

Center gets 5.2 Million Visits Per Year and Growing

Shadow Anchored by Burlington, Academy and Regal Warren Cinemas

Pad Sites include Olive Garden, Chick-Fil-A, Wendy’s and Whataburger

64% of the Income is Investment Grade and Equivalent

91% of the Income is Corporate

2 miles from Tinker AFB with a 7.5 Billion Total Economic Impact

Fuzzy’s Taco Shop Ranks 2 out of 101 Locations Nationally

Listing Contacts

DD
NY 40DE0945716
HMX Realty Advisors
RJ
NY NY 10311201830
HMX Realty Advisors
Listed by HMX Realty Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,070,759.00
$89,229.92/mo

Valuation Metrics

0
DSCR
6.84%
Cap Rate
6.84%
ROI

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