Retail Business for Sale in Tulsa, OK

  • Price: $7.7M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Tulsa, OK 74135
  • Size: 88,023 SF

Description

Newmark Retail Capital Markets is pleased to present the opportunity to acquire Ranch Acres Shopping Center, a 100% leased Walmart anchored center. This 88,023 square foot center is located in a dense infill area in Tulsa, OK. Ranch Acres Shopping Center is situated on the southeast corner of Harvard Ave and 31st St, exposing the property to over 27,000 vehicles on a daily basis. On a hard corner with a lighted intersection, the shopping center shares the corner with a variety of other tenants including Wendy’s, Bank of Oklahoma, and Walgreens. The eight tenants of Ranch Acres Shopping Center are a mix of national and local offering a variety of services. Located only fifteen minutes southwest of the Tulsa International Airport, this property provides a buyer the opportunity to purchase a stable asset in a well-populated area of Tulsa, OK.

Market Context

This retail in Tulsa, OK is listed for sale at $7,745,000 across 88,023 SF. It has been on the market for 5 days. Compare it against other retail listings for sale in Tulsa, OK — <a href="/search/sale/retail/oklahoma/tulsa">view the full market</a>.

As of Q4 2023, the Tulsa retail market showed a 0.7% vacancy rate, average asking rents near $18.59/SF/yr, and rents up 0.2% year over year. Source: Cushman & Wakefield Q4 2023 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Tulsa retail market tightening or softening?
Vacancy is around 0.7% (Q4 2023).

Contact

Explore this market

Similar Retail Business for Sale in Tulsa, OK