6003 15Th St Midwest City, OK 73110
- Strip malls
- 15,000 SF
- 1.45 lot acres
Current Use by Public Records
- Strip malls
Property Details for 6003 15Th St
- Year built
- 1996
- Construction
- STEEL FRAME
- Lot size
- 1.45 lot acres
- Property size
- 15,000 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 15-020-7990
- APU
- 150207990
Description
The Sooner Rose III Shopping Center, located at 6003 SE 15th St, Midwest City, OK 73110, presents a compelling investment opportunity. This 13,750 square foot shopping center sits on a 1.447-acre lot and is currently 100% occupied by four established tenants, offering a stabilized investment with long-term leases. The property boasts a strong net operating income (NOI) of $324,750, resulting in a 7.50% capitalization rate and an asking price of $4,330,000 ($314.91/sq ft). Anchor tenant, Louie's Grill & Bar (4,500 sq ft), has six years remaining on its lease. Other tenants include Uptown Cheapskate, Big O Pork & Dreams, and World of Smoke, each contributing to a diverse tenant mix with lease terms ranging from five to seven years. Rental rates range from $17 to $28 per square foot. Situated in a high-traffic area with excellent visibility and ample parking, the center benefits from its proximity to Tinker Air Force Base and ongoing development in the surrounding area, promising long-term appreciation potential. The property's modern storefronts and strategic location contribute to its strong curb appeal and consistent shopper traffic, making it an attractive investment for those seeking a stable, income-generating asset with growth potential in a thriving market. This is a prime retail corridor in Midwest City, Oklahoma.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midwest City
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.4171
- Latitude
- 35.4502
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
