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Investment Highlights

  • Good mix of national brands and local businesses
  • Oversized parking lot
  • 98% Leased
  • High traffic corner at SH 152 & Mustang Road

Executive Summary

98% OCCUPIED 89,530 SF SHOPPING CENTER IN GROWING MUSTANG, OKLAHOMA
Silver City Shopping Center presents an opportunity to acquire an almost fully occupied, substantially revitalized retail center at the high-traffic northwest corner of State Highway 152 and Mustang Road—an intersection positioned in the heart of Mustang’s rapidly expanding commercial corridor.
The 89,530-square-foot shopping center features a balanced tenant mix of nationally recognized brands and established local businesses, including Tractor Supply Co., Leslie’s Pool Supplies, Marco’s Pizza, and other retail, restaurant, and service-oriented tenants. This diversified rent roll supports consistent traffic while providing the community with a broad range of everyday products and services.
Investment Highlights
89,530± SF neighborhood shopping center
98% occupied
Prominent northwest-corner location at SH 152 and Mustang Road
Diversified mix of national and established local tenants
Approximately 400 parking spaces
Substantial ownership investment in building and site improvements
Rehabilitated and modernized tenant spaces
Improved rental rates and strengthened tenant retention
Located within Mustang’s expanding residential and commercial market
Established management and leasing history through InterWest Realty
Successful Repositioning and Capital Improvements
The current owner acquired Silver City Shopping Center approximately five years ago when the property was experiencing deferred maintenance, extended vacancies, below-market rents, and operational challenges. Recognizing the center’s location and long-term potential, ownership implemented a comprehensive renovation, leasing, and management strategy.
The repositioning was successfully completed despite the operational challenges created by the COVID-19 pandemic, rising inflation, and increasing interest rates. Ownership remained focused on tenant retention, competitive lease terms, strategic rent growth, and attracting new businesses capable of strengthening the center’s long-term tenant mix.
Major improvements included resurfacing the asphalt portion of the parking lot and completing extensive concrete repairs throughout the property. These improvements restored the parking areas to a substantially improved condition and enhanced accessibility, appearance, and convenience for tenants and customers.
Vacant suites were rehabilitated and leased, with improvements that included updated flooring, HVAC work, and modern decorative finishes. These investments helped reposition Silver City Shopping Center as a professionally operated, attractive, and fully occupied retail destination.
Established Tenant Mix and Community Presence
Silver City Shopping Center combines the stability and customer draw of national brands with the community connection of locally operated businesses. This mix has helped create a sustainable retail environment that serves Mustang residents while supporting long-term tenant retention.
The center’s approximately 400 parking spaces provide generous capacity for customers and employees, reducing the parking constraints commonly experienced at comparable shopping centers.
Mustang Growth Corridor
Mustang is a growing western submarket of the Oklahoma City metropolitan area, supported by continued residential development, population growth, and expanding demand for retail and service businesses. Silver City Shopping Center’s location at SH 152 and Mustang Road places it at one of the community’s most recognizable and accessible commercial intersections.
InterWest Realty originally brokered the owner’s acquisition of the property and has continued to manage and lease the center throughout its transformation. This operational history provides prospective purchasers with valuable insight into the property, tenant relationships, capital improvements, and future potential.
Silver City Shopping Center offers a compelling combination of 98% occupancy, a diversified tenant base, substantial completed improvements, abundant parking, and a prominent location within a growing Oklahoma City suburb.
Tenant information and additional property details are available in the offering brochure:
https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:e41347b4-cdcd-4c07-b923-927386cfb6b0
Contact InterWest Realty for offering information, financial details, or to schedule a property tour.
InterWest Realty Office: 405-752-2525
George Huffman: 405-409-4400
Email: george@iwpok.com

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
89,600 SF
Building Class
B
Year Built/Renovated
1974/2016
Price
$13,375,718 CAD
Price Per SF
$149.28 CAD
Cap Rate
7.56%
NOI
$1,010,956 CAD
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.22
Lot Size
9.46 AC
Zoning
Commercial
Parking
604 Spaces (6.79 Spaces per 1,000 SF Leased)
Frontage
751’ on Mustang Rd

Amenities

  • Banking
  • Corner Lot
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100

Nearby Major Retailers

Homeland
Mazzio's
Freddy's Frozen Custard & Steakburgers
Boomarang Diner

Property Taxes

Property Taxes

Parcel Number
090006612
Land Assessment
$178,246 CAD
Improvements Assessment
$891,693 CAD
Total Assessment
$1,069,940 CAD
  • Listing ID: 34192910

  • Date on Market: 2024-12-13

  • Last Updated:

  • Address: 101-361 N Mustang Rd, Mustang, OK 73064

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