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32343510
32343511

501 Southeast Washington Boulevard, Bartlesville, OK 74006

CB
OK OK 155856, AZ AR #PB0082928
Northmarq Capital, LLC
Listed by Northmarq Capital, LLC
$8,605,000
29 days on market
Updated 29 days ago

Shops at Turkey Creek

Details
APN 740010823
Property Type Retail
Sub Type Shopping Center
Square Footage 91,037
Units 5
Cap Rate 8%
NOI $688,398
Occupancy 100%
Tenancy Multi
Brand/Tenant Dollar Tree
Rent Bumps Yes
Price per SqFt $95
Year Built 1970
Year Renovated 2019, 2021
Stories 1
Acreage 8.250
Investment Type Net Lease
Ground Lease No

100% Occupied Asset with Best-in-Class National Tenant Mix

Marketing description

Northmarq, on behalf of ownership, is pleased to exclusively offer for sale the opportunity to acquire the 100% fee simple interest in Shops at Turkey Creek, a +/- 91,037 SF multi-tenant retail center located in Bartlesville, OK. The Property sits on a 8.25-acre lot and is fully occupied by a strong retail mix, including Dollar Tree, Bealls | Home Centric, Five Below, Ollie's Bargain Outlet, and Shoe Dept. Encore.

The majority of the tenants are under net lease agreements with low rents per swuare foot and 100% of the tenants’ leases feature rental increases either throughout the base term or during the option periods.

The Property is located in Bartlesville, Oklahoma, the county seat of Washington County, and is located approximately 40 miles (less than 1 hour) north of Tulsa via Hwy 75. Shops at Turkey Creek is surrounded by major national retailers that drive traffic to the commerce center, such as Hobby Lobby, Planet Fitness, CVS, Walgreens, Starbucks, Wendy's, Chick-fil-A, Scooter's Coffee, and many more.

Investment highlights

  • 100% Occupied Asset with Best-in-Class National Tenant Mix
  • Prime High‑Traffic Retail Corridor Along US Highway 75 (21,900+ VPD)
  • Adjacent to Bartlesville's Only Hospital & 24/7 ER
  • Priced Below Replacement Cost
  • Expanded Trade Area
  • 48,000+ Residents Within 10 Miles | $88,000+ 10-Mile AHHI

Listing Contacts

CB
OK OK 155856, AZ AR #PB0082928
Northmarq Capital, LLC
Listed by Northmarq Capital, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$688,398.00
$57,366.50/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Chad Byerly
License
OK 155856
Brokerage Phone
9187949516
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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