18-78 East 33rd St.

18-78 East 33rd St., Edmond, OK 73013

  • For Sale $154/SF
  • 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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Attachments

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.

Contacts

broker
Doug McFadden

CBRE

CCIM

Tenants

Location

Getting Around

  • Walk Score ®

    64/100 Somewhat Walkable

  • Bike Score ®

    54/100 Bikeable
Powered by Walk Score ®
  • 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

Frequently Asked Questions

How much does 18-78 East 33rd St. cost?

The space currently listed for sale at 18-78 East 33rd St. asks for $154/SF.

What is the total square footage of 18-78 East 33rd St.?

18-78 East 33rd St. totals 160,818 square feet.

When was this property built?

18-78 East 33rd St. was built in 1995.

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Contact Listing Broker
broker
Doug McFadden

CBRE

CCIM