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32316940
32316941

2112 Oklahoma Avenue, Woodward, OK 73801

Northmarq Capital, LLC
Northmarq - Tulsa
Listed by Northmarq Capital, LLC, Northmarq - Tulsa
$2,600,000
41 days on market
Updated 41 days ago

Westgate Shopping Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 62,555
Net Rentable (SqFt) 62,555
Occupancy 46%
Tenancy Multi
Brand/Tenant Harbor Freight
Rent Bumps Yes
Price per SqFt $42
Year Built 1971
Acreage 5.100
Investment Type Value Add
Ground Lease No

Value-Add Leasing Opportunity with Immediate Upside

Marketing description

Westgate Shopping Center at 2112 Oklahoma Avenue, Woodward, OK 73801 presents a compelling value-add retail investment opportunity with immediate upside in one of Northwest Oklahoma’s key trade areas. This neighborhood shopping center offers significant leasing potential, with approximately 54% vacancy creating a clear path for future income growth. Existing occupancy includes recognizable national tenants, providing a strong foundation for repositioning and rent growth. Current in-place rents on occupied space are below market, including Anytime Fitness at just 25% of market rent, offering additional upside for investors seeking to unlock value over time. Strategically located just minutes from Northwest Oklahoma’s primary hospital, the property benefits from strong local traffic drivers and an expanded trade area. The center is also supported by tenancy backed by a large franchisee, enhancing the overall stability of the asset. Westgate Shopping Center is ideal for investors looking to capitalize on a lease-up opportunity with a mix of current income, below-market rents, and meaningful long-term appreciation potential.

Investment highlights

  • Value‑Add Leasing Opportunity with Immediate Upside
  • National Tenants | Below Market Rents on Occupied Space
  • Minutes from Northwest Oklahoma's Primary Hospital
  • Signalized Intersection | US-270 Frontage | Large 5.10-Acre Parcel
  • Expanded Trade Area

Listing Contacts

Northmarq Capital, LLC
Northmarq - Tulsa
Listed by Northmarq Capital, LLC, Northmarq - Tulsa

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