OKC Outlets
7624 West Reno Avenue, Oklahoma City, OK, 73128, US
36,635 m²
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant At Home (the “Property” or “Asset”) located at 701 S. MacArthur Blvd in Oklahoma City, OK.
The Property totals 141,639 SF and features ±6.7 years of lease term remaining with a corporate guaranty from At Home. The lease structure is an absolute NNN lease, offering investors long-term cash flow with no landlord expenses, and features four (4), five-year renewal options and 14.27% rent escalations every 5-years throughout the primary term & renewal options.
The asset shadow-anchors Westgate Marketplace, Oklahoma's #2 most visited shopping center and a top 1% most visited shopping center in the U.S. Adjacent to the asset is OKC Outlets, the #1 most visited Factory Outlets in OK. Together, these shopping centers generate more than 8.3 million visits annually (Placer.ai).
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Attributes
Asking price
₹1,036,568,000
Cap rate
8.25%
NOI
₹85,498,000
WAULT
6.7 years
Building area net
13,159 m²
Land area gross
1 m²
Media
Investment Highlights
- Absolute NNN lease with zero landlord responsibilities
- Shadow anchors Westgate Marketplace, the #2 most visited shopping mall in OK
- Along I-40 with exposure to 115,000 VPD
- Adjacent to 3.0M annual-visitor OKC Outlets - #1 most visited factory outlets in OK
- 56% of residents within a 1-mile radius have a Bachelor's Degree or higher
- Oklahoma City is the #16 best place to live in the US in 2024-2025
Contact brokers
At Home - Oklahoma city, OK (0 Properties)
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Last updated
14 Feb 2025
