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Mustang Shopping Center Conversion 1020 E State Highway 152 6,005 SF Vacant Retail Building Mustang, OK 73064 $7,913,317 CAD ($1,317.79 CAD/SF) 5.70% Cap Rate
Executive Summary
Newmark Robinson Park is pleased to offer the opportunity to acquire a 6,005-square-foot, fully leased retail center located at 1020 E State Highway 152 in Mustang, Oklahoma. The Property presents a compelling opportunity to acquire a stabilized retail asset featuring four national and rapidly expanding restaurant concepts: 7 Brew, Mo’ Bettah’s, Wingstop, and Jersey Mike’s. Together, these brands create a highly complementary tenant mix centered on daily-needs, drive-thru, fast-casual, and quick-service demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,005 SF
Building Class
C
Year Built
2013
Price
$7,913,317 CAD
Price Per SF
$1,317.79 CAD
Cap Rate
5.70%
NOI
$451,399 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
1.49 AC
Zoning
Commercial
Parking
92 Spaces (12.77 Spaces per 1,000 SF Leased)
Frontage
171’ on Ok-152 Hwy
Amenities
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
New Multi-Tenant Shopping Center Conversion
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,005 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 6,005 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 6,005 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
New Multi-Tenant Shopping Center Conversion
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 090114097 | Improvements Assessment | $213,075 CAD |
| Land Assessment | $118,885 CAD | Total Assessment | $331,959 CAD |
Property Taxes
Parcel Number
090114097
Land Assessment
$118,885 CAD
Improvements Assessment
$213,075 CAD
Total Assessment
$331,959 CAD
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Mustang Shopping Center Conversion | 1020 E State Highway 152
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