2904 14Th St Ponca City, OK 74601
- Lifestyle centers
- 89,874 SF
- 6.03 lot acres
Current Use by Public Records
- Hobby Lobby / Home Goods Store / Picture Frame Shop
Property Details for 2904 14Th St
- Lot size
- 6.03 lot acres
- Property size
- 89,874 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 89,874 square foot shopping center in Ponca City, Oklahoma presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong net operating income (NOI) of $458,222, this stabilized property offers an attractive 8.00% cap rate at an asking price of $5,725,000. The center features a diverse mix of national tenants including Dollar General, Hobby Lobby, and Bealls, all under NNN leases with varying terms, the longest extending to 2036. The property sits on a 6.03-acre lot at 2904 N 14th St, in Kay County, zip code 74601, and benefits from its location on a major retail corridor with high visibility and traffic. Conveniently located near Highway 60 and Highway 177, the center enjoys excellent access and proximity to Ponca City Regional Airport (PNC), the University Center at Ponca City, and major employers such as ConocoPhillips and the Ponca City Refinery. The property also benefits from outparcels occupied by Starbucks, Verizon, Burger King, and Taco Bell, which do not impede visibility to the main tenants. The Starbucks location was recently developed in 2022. This is a rare opportunity to acquire a well-positioned, high-performing retail asset in a thriving Oklahoma community. The property's strong tenant base, long-term leases, and prime location make it an ideal addition to any investment portfolio.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ponca City
- County
- Kay
- State
- Oklahoma
- Longitude
- -97.0693
- Latitude
- 36.738
