Contacts

Doug McFadden

CBRE

CCIM

Property Details

Property Type Retail - Community Center
Property Size 160,818 SF
Lot Size 15.01 Acre
Cap Rate % 7.96
Rental Income / YR $2,339,310.00
NOI / YR $1,970,569.00
Taxes / YR $190,000.00
Zoning E-1 Retail General Commercial
Additional Rent Contact for pricing
# of Floors 1
Parking Spaces Avail. 813
Parking Ratio 5.06 / 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1995
Year Renovated 2020
Date Updated May 3, 2024

CBRE is pleased to offer for sale Edmond Crossing. Why Edmond Crossing? - ABOVE AVERAGE disposable income, merchant sales, quality tenant mix, tenant retention, vehicle traffic, ingress/egress, consumer foot traffic, visibility and parking. 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 (tenant with more than 1,000 stores). 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. The average tenure of our tenants is over 14 years. Edmond Crossing is on the SEQ of Broadway Extension and 33rd Street with more than 66,000 vpd. The signalized main entrance to the center has nearly 30,000 vpd. With 11 full turn points of ingress/egress Edmond Crossings is consistently visited 1.9 million times annually which ranks #391st of 16,363 peer group centers in the country (according to Placer-AI); better than 98% of its peer group in the USA. With nearly 1/4 mile of frontage along 33rd street all tenant store fronts and signage have tremendous exposure. Edmond Crossing enjoys abundant parking with a more than 5 stalls per 1,000 sf. Superior merchant sales, quality tenants, visibility, access, consumer traffic within the center, signage, parking, and a demographic with copious amounts of discretionary income result in an investment for the discriminating investor.

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Highlights

Investors will be drawn to the number and variety of risk lowering facts about Edmond Crossing and the beautiful city of Edmond. Edmond is a wealthy suburb of Oklahoma City (the 25th largest city in the US). The cost of living is well below and the incomes well above the national average providing shoppers with an abundance of discretionary funds.
41% of the income is derived from INVESTMENT GRADE CREDIT TENANTS (S&P BBB & A).
68% of the revenue is derived from national tenants.
10% of the revenue is derived from regional tenants.
12% of the revenue is derived from local tenants.
Complimentary tenant mix. A shopper for one tenant is likely a shopper of all tenants in the center.
Highest traffic count in the entire Oklahoma City metro with over 66,000 vpd.
High traffic volume business's bring customers to the center; Chick-Fil-A, McDonald's, Taco Bell, Jason's Deli, Surge, Firestone.
Below market rents.
The $149 psf asking price is 67% below replacement cost.
Immediate upside - Buyer will have the option of selling the McDonalds ground lease for a premium price.
Edmond Crossing has a tenant with more than 1,000 locations nationally consistently experiencing units sale at Edmond more than 5X their average national store.

Attachments

Edmond Crossing Site Plan (JPG) opens in new window

Getting around

64/100
Walk Score ®
54/100
Bike Score ®

Powered by Walk Score ®

Tenants

Tenant Name

Suite Number

Available Area

Expiration Date

Firestone

18

8,000 Sq. Ft.

Surge Adventure Park

24

33,500 Sq. Ft.

Home Goods

25

21,500 Sq. Ft.

Vintage Stock

30

6,000 Sq. Ft.

Yoga

34

2,400 Sq. Ft.

Dollar Tree

40

10,146 Sq. Ft.

Patio Gallary

44

7,950 Sq. Ft.

TJ Maxx

48

30,000 Sq. Ft.

CATO Fashions

56

6,000 Sq. Ft.

Rack Room Shoes

58-60

6,023 Sq. Ft.

Kid's Gym

62

3,530 Sq. Ft.

Yummy Tea & Coffee

68

1,362 Sq. Ft.

Star Nails

70

1,402 Sq. Ft.

Dance Studio

72-74

3,576 Sq. Ft.

Jason's Deli

78

4,640 Sq. Ft.

McDonald's

20

1 Sq. Ft.

Reflexology

36

1,600 Sq. Ft.

City Edmond, OK
Neighborhood Edmond
Zip Code 73013
Market Oklahoma City

Points of Interest

Adventure DistrictTrain Station

7.21 miles

Oncue

0.59 miles
7-Eleven

1.01 miles
On Cue

1.10 miles
Shell

1.13 miles
Kwix Mart

1.91 miles
Conoco

2.55 miles
Costco Gasoline

2.71 miles
Tesla Supercharger

5.27 miles

AMF Boulevard Lanes

0.38 miles
University Park Apartments

2.09 miles
Fox Lake Pool Parking

3.53 miles
Andy B's Bowl Social

4.21 miles
Overflow Parking

5.78 miles
Main Parking

5.87 miles
Billeting Parking

5.97 miles
Golf Cart Parking

6.43 miles
Chesapeake Car Park 1

6.44 miles
Chesapeake Car Park 3

6.47 miles

McDonald's

0.06 miles
Schlotzsky's

0.07 miles
On The Border

0.08 miles
Wayback Burgers

0.09 miles
Taco Bell

0.11 miles
Brent's Cajun

0.13 miles
Burger King

0.13 miles
Chick-fil-A

0.17 miles
Johnnie's Charcoal Broiler

0.20 miles
Chili's

0.23 miles

T.J. Maxx

0.20 miles
Santa Fe Square

1.87 miles
Sprouts Farmers Market

2.02 miles
ALDI

2.19 miles
Target

2.21 miles
Urban Agrarian

2.22 miles
Walmart Neighborhood Market

2.45 miles
Oxford Pointe

2.63 miles
Homeland

3.26 miles
Walmart Supercenter

3.27 miles

In-Depth Research Available for this Property

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