Harvard Ave Shoppes
100% Occupied | 2023 Renovation | Heavily Trafficked & Dense Retail Corridor | Midtown Tulsa
Investment highlights
High-Quality 2023 Construction Retail Strip: Recently Built Asset Featuring Modern Design, Strong Curb Appeal, and Limited Near-Term Capital Expenditure Requirements
100% Occupied with Long-Term NNN Leases: Fully Leased with Triple-Net Structures in Place, Providing Passive Ownership and Minimal Landlord Responsibilities
Priced Well Below Replacement Cost at $295/SF: Estimated Replacement Costs Approach $400/SF, Creating a Favorable Basis that Helps Limit Downside Risk
Diverse Mix of National & Regional Tenants: Service-Heavy, Internet-Resistant Tenant Lineup Which Is a Healthy Structure for Neighborhood Strip Retail
Prime Midtown Tulsa Location: Strategically Positioned Along South Harvard Avenue Within One of Tulsa’s Most Established and Heavily Trafficked Retail Corridors
Strong Traffic Counts & Highway Accessibility: Over 40,000 VPD Between Harvard Avenue & 41st Street, as Well as Direct Access to I-44 (108,000 VPD)
Dense Residential Trade Area: Population Is Over 578,000 People Within 10-Miles & Average Household Incomes Exceed $112,000 Supporting Daily Retail Demand
Grocery-Dense Submarket: Positioned Within a 2-Mile Radius of 10 National and Regional Grocers, Including 3 Walmart Neighborhood Markets, Sam’s Club, Whole Foods, Sprouts, Trader Joe’s, ALDI, Natural Grocers, and Reasor’s, which Supports Consistent Consumer Traffic to the Area
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