13002-13070 Commerce Dr Elgin, OK 73538
- Lifestyle centers
- 20,109 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 13002-13070 Commerce Dr
- Year built
- 2022
- Property size
- 20,109 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Class A shopping center, Elgin Square, presents a compelling investment opportunity in the thriving Elgin, Oklahoma market. Built in 2022, the 20,109 square foot property boasts a strong 6.08% capitalization rate and a current NOI of $262,105. Currently 78% occupied, the center features ten units, including a diverse mix of established tenants such as Rising Eagle Brewery, Century 21 Realty, Luna Rae, Fee Mue Thai Cuisine, Hilliary, Eagle's Lounge, Allure Wellness, SW Driving School, and Burritos Mico. Many tenants offer outdoor seating, enhancing the property's appeal. The strategic location offers convenient access to both Highway 277 and Interstate 44, ensuring high visibility and accessibility for both tenants and customers. Ample parking is available for all suites. The property is situated near other prominent businesses, including Arvest Bank, McDonald's, and Braum's, further solidifying its position within a vibrant commercial corridor. Only one unit remains available for lease, presenting an immediate opportunity to increase occupancy and revenue. Financial details are available upon request to qualified buyers, subject to a Non-Disclosure Agreement. Additionally, a one-acre pad-ready site is available for separate purchase. The property is zoned for commercial use. This is a rare opportunity to acquire a high-quality, newly constructed shopping center in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elgin
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.2976
- Latitude
- 34.7842
