6612 Memorial Dr Tulsa, OK 74133

This exceptional 223,124-square-foot shopping center in Tulsa, Oklahoma presents a compelling investment opportunity. Boasting a 94% occupancy rate and a strong NOI of $1,884,236 (with a pro-forma NOI of $2,121,076), this multi-tenant property offers significant upside potential. The center features 24 tenants, including prominent anchors Cinergy Cinemas & Entertainment and Sun & Ski Sports, both top-performing in their respective categories (source: Placer.ai). The property benefits from a prime location on South Memorial Drive, experiencing approximately 30,596 vehicles per day, and is shadow-anchored by a high-performing Walmart Supercenter (96th percentile nationally, source: Placer.ai), driving substantial foot traffic. Built in 1986 with renovations in 2006 and 2019, the property comprises two buildings on a 22.02-acre lot. The current asking price is $21,534,000 ($96.51/sq ft), representing a significant value below replacement cost, with an 8.75% cap rate and a pro-forma cap rate of 9.85%. The property's tenant mix includes a blend of national, regional, and local retailers, with 84% of leases being triple-net. Its proximity to Woodland Hills Mall and numerous other national retailers further enhances its desirability. The property serves a densely populated area with over 249,000 residents within a five-mile radius. This investment offers a compelling combination of strong current performance and significant future growth potential. The property is located at 6612 S Memorial Dr, Tulsa, OK 74133.