208,188 Square Foot Retail Space For Sale @ 8221 E 61st St

Holliday Fenoglio Fowler, L.P. (“HFF”), acting as exclusive advisor to the seller, is pleased to present the opportunity to acquire the fee simple interest in Eton Square Shopping Center, a 208,188 square foot grocery-anchored neighborhood center consisting of four buildings in Tulsa, Oklahoma. Eton Square is an exceptional value-add opportunity that is currently 57.8% leased to 15 tenants. The Property is strategically located at the northeast corner of East 61st Street and South Memorial Drive, a signalized intersection that sees over 73,800 cars per day. South Memorial Drive is one of busiest thoroughfares in the city of Tulsa serving as the main north/south arterial in the south central commercial submarket. Additionally, the Property is situated on the “going-home” side of East 61st Street only a mile and a half west of U.S. Highway 64, one of Tulsa’s busiest highways with over 127,000 cars a day. Eton Square’s trade area includes an estimated population of 254,000 people with an average household income of $78,600 within a 5-mile radius of the Property. There are an estimated 106,000 households in the area consisting of a high concentration of well-established single family and multi-family residencies in one of the premiere public school systems in the state of Oklahoma, making the south central submarket one of the most desirable in the City. Eton Square Shopping Center presents an excellent opportunity to acquire a grocery-anchored neighborhood center with recently completed long-term anchor leases in ALDI Food Market and GSA (IRS). Further, the Property is currently in lease negotiations with a 9,100 square foot junior anchor tenant that will increase occupancy to 62.2%. New ownership will benefit from a diversified cash flow through in-place tenancy while capturing upside through an aggressive leasing program for vacant in-line shop space and the potential development of a pad site.