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32633905
32633906

16525 Rose Creek Dr, Edmond, OK 73012

JV
TX TX 512565
Summit Real Estate
HL
TX TX 724882
Summit Real Estate
Summit Real Estate
Listed by Summit Real Estate
$14,095,000
21 days on market
Updated 21 days ago

HOMELAND GROCERY STORE

Details
Property Type Retail
Sub Type Grocery Store
Square Footage 35,202
Cap Rate 6.00%
NOI $845,702
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 11/30/2038
Rent Bumps Yes
Price per SqFt $400
Year Built 2023
Acreage 4.080
Investment Type Net Lease
Lease Commencement 11/01/2023
Ground Lease No

Retail | 6.00% CAP | 35,202 SqFt

Marketing description

Homeland is a regional grocery store chain based in Oklahoma City, Oklahoma, and serves as the primary retail brand of HAC, Inc., an employee-owned company with roots dating back to 1916. Operating dozens of locations primarily across Oklahoma, as well as parts of Kansas, Georgia, and Texas, Homeland has built its identity as a neighborhood-focused supermarket offering a wide range of products including fresh produce, meats, bakery goods, and pharmacy services. The chain emphasizes local community connections and convenience, often positioning itself as a friendly, locally invested alternative to larger national grocery retailers. Many stores reflect this community-oriented approach through localized branding and services tailored to nearby neighborhoods.

Investment highlights

  • 2023 Constructed Homeland Grocery Store - Anchor to the High-End Rose Creek Plaza Development in Edmond, OK
  • 12.5 Years Remaining on the Original 15-Year, Absolute NNN Lease | No Landlord Responsibilities, Providing a Passive Ownership Opportunity
  • Corporately Guaranteed by HAC, Inc. - Headquartered in Oklahoma City, HAC, Inc. is a Prominent Grocery Chain That has Been Entirely Employee Owned Since 2011 & Operates 80 Grocery Stores Across Oklahoma, Texas, & Georgia
  • Built in Annual Rent Increases Through 15-Year Original Term & 2% Annual Increases in Option Periods
  • Rose Creek Plaza is a New Mixed-Use Lifestyle Development that will bring a Variety of High-End Retail, Dining, & Services to North Oklahoma City. The Rose Creek Plaza will Span 27 Acres, with Over 220,000 Square Feet of Mixed-Use Space for Lease
  • Prime High Traffic Location with Great Visibility - Situated on the Signalized Corner of NW 164th Street & North May Avenue with 25,000+ VPD
  • Borders the Rose Creek Golf Club with 600+ Custom, Luxury Homes | Affluent Neighborhoods and Spending Power
  • Outstanding Demographics - Located in one of Oklahoma's Strongest Trade Areas, the Average Household Income Exceeds $146,000 Within a 1-Mile Radius
  • National Retailers in the Immediate Trade Area Include HomeGoods, Ross, Five Below, Arvest Bank, Chick-Fil-A, Starbucks, 7-Brew, HTeaO, Swig, Dunkin Donuts, Wing Stop, McDonalds, Buffalo Wild Wings, Sherwin Williams, Domino's, Sonic, Braum's, etc.

Listing Contacts

JV
TX TX 512565
Summit Real Estate
HL
TX TX 724882
Summit Real Estate
Summit Real Estate
Listed by Summit Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$845,702.00
$70,475.17/mo

Valuation Metrics

0
DSCR
6%
Cap Rate
6%
ROI

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