Edmond Crossing
160,818 SF | 92% Leased | Retail Building | Edmond, OK 73013 | $24,750,000 ($154/SF)
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $24,750,000
- Property Type
-
Retail
- Square Feet
- 160,818 SF
- Price / Square Foot
- $154
Listing Contacts
Doug McFadden
Verified Profile
- Property Info
Property Overview
CBRE is pleased to offer for sale Edmond Crossing. Investors are drawn to the potential NERA TERM UPSIDE (11,188 sf was vacated in July 2023 - we received interest from 4 national tenants within 2 weeks). This vacancy will likely fill before YE 2023. Edmond is a wealthy suburb of Oklahoma City (25th largest metro in the USA). Incomes in Edmond are more than 30% greater than the US average, and cost of living in OK City metro is nearly 15% less than the US average. This dynamic leaves Edmond consumers with an ABUNDANCE OF DISCRETIONARY INCOME. Edmond Crossing has tenants selling 5X MORE than their average store across the USA. Approximately 1/2 of the income is paid by tenants with INVESTMENT GRADE CREDIT (S&P "BBB" or "A"). 70% of the income is from tenants with a national footprint. Edmond Crossing ranks #391st of 16,363 peer group centers in the country (according to Placer-AI June 2023 report); better than 98% of it's peer group in the USA.
Property Details
- Class
- B
- Year Built
- 1995
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 615,938 SF
Highlights
- Placer-AI foot traffic rankings compared to it's peer group - 1st of 59 within 15 miles, 2nd of 197 in OK, & 391st of 16,363 in the USA.
- Each of the trailing 3 years Edmond Crossing has experienced 1.9m visits. Better than 98% of it's peer group within the USA.
- Located on the SEQ of the metro areas single busiest intersection (33rd & Broadway Extension) with 66,037 vehicles per day.
- The main entrance is a fully signalized with 29,513 vehicles per day.
- Chick-fil-a's traffic is so robust they gained approval to expand and double their drive-thru capacity in June-2023. (unowned pad)
- Excellent complementary tenant mix. A patron of 1 tenant is likely a patron of all.
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