Three-Tenant Retail Strip - Owasso, OK

SHOP Companies is excited to offer the opportunity to acquire a fully leased, 5,552 square foot, three-tenant shopping center located in Owasso, OK, a growing and affluent suburb of Tulsa. The property is strategically situated within Smith Farm Village, a newly developed, highly sought-after mixed-use destination. The center is 100% leased to a strong tenant mix, including nationally recognized brands Five Guys, Smoothie King, and Oklahoma’s Credit Union (OKCU), ensuring long-term stability and value. With an average rent of just $38.07 PSF NNN, the rates are below market for comparable new construction retail space. All Tenants have an average lease term of over 9 years remaining with significant rental increases throughout their initial term and in their option periods.

The property is located within a thriving retail corridor, surrounded by a premier lineup of national retailers. High-traffic anchors like Target, Walmart Supercenter (Top 10% nationwide), and Hobby Lobby (#1 in Oklahoma) drive strong consumer demand. Additional major retailers in the area include Lowe’s (775.1K annual visitors), Sam’s Club (#2 in Oklahoma), and Ross (#5 in Oklahoma), along with popular brands such as QuikTrip, McDonald’s, Chipotle, Five Guys, Ashley Homestore, TJ Maxx, Ulta Beauty, Old Navy, CAVA, and more.