523 Main St, Stillwater, OK 74075

Bradford Plaza Shopping Center, a 93,755-square-foot, multi-tenant shopping center in Stillwater, Oklahoma, presents a compelling investment opportunity. This 100% occupied property boasts a strong tenant mix, including TJ Maxx as an anchor, and features 16 tenants, many of which are national brands. The center benefits from a prime location near Oklahoma State University, with over 26,800 students and 5,500 personnel, and enjoys high traffic counts exceeding 42,733 vehicles daily at the signalized intersection of North Main and McElroy Roads. The property is shadow-anchored by Homeland Grocery and situated on 8.87 acres with ample parking and a double-sided monument sign. Built in 1999, the center underwent recent improvements including a new roof (2024) and landscaping upgrades. The asking price is $13,967,000, representing $148.97 per square foot, with a 7.58% cap rate and a Net Operating Income (NOI) of $1,058,530. 79% of the gross leasable area is under triple-net leases. The property's proximity to other national retailers, including a Homeland gas station, IHOP, and 7-Eleven, further enhances its appeal. This stabilized investment offers a rare opportunity to acquire a high-performing retail center in a thriving market. The property's strong tenant base, including publicly traded companies, and recent improvements contribute to its exceptional value and potential for long-term growth.