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Centre of America Shopping Center 1331 W Memorial Rd 92,102 SF Office Building Oklahoma City, OK 73114 $15,150,370 CAD ($164.50 CAD/SF) 8.90% Cap Rate



Investment Highlights
- Fully leased to Lowe’s Companies, Inc. under a long-term NNN lease through March 2030.
- Located in the Memorial Road corridor with direct access to John Kilpatrick Turnpike and I-344.
- 8.46-acre site offering strong connectivity and ample parking for corporate operations.
- Two five-year renewal options provide extended income security.
- Surrounded by retail, hospitality, and commercial amenities, including Cabela’s and Best Western Plus.
- Institutional-quality office building serving as a mission-critical component of Lowe’s national headquarters operations.
Executive Summary
The Loves Corporate Annex is a premier, 100% leased corporate office asset totaling 96,250 square feet, fully occupied by Loves Country Stores. Strategically located in the memorial Rd. office corridor of Oklahoma City, this institutional quality office building serves as integral extension of the company's national headquarters operations.
The property is exclusively dedicated to Love's corporate functions, providing mission critical office space that supports one of the nation's leading travel stop and convenience store operators. The building's full occupancy by a single, nationally recognized corporate tenant offers investors a stable, cohesive tenancy profile with no vacancy exposure.
Positioned in a highly accessible submarket with strong surrounding retail, dining, and commercial amenities, the loves corporate annex benefits from excellent connectivity to major transportation routes and proximity to executive housing communities. The asset represents a rare opportunity to acquire a fully stabilized corporate office investment backed by a creditworthy tenant occupying the entire rentable square footage.
With 100% of the 96,250 square foot leased to and operated by loves corporate operations, this offering provides some secure income characteristics, operational significance to the tenant, and a long term strategic value within a premier office corridor of Oklahoma City.
The property is exclusively dedicated to Love's corporate functions, providing mission critical office space that supports one of the nation's leading travel stop and convenience store operators. The building's full occupancy by a single, nationally recognized corporate tenant offers investors a stable, cohesive tenancy profile with no vacancy exposure.
Positioned in a highly accessible submarket with strong surrounding retail, dining, and commercial amenities, the loves corporate annex benefits from excellent connectivity to major transportation routes and proximity to executive housing communities. The asset represents a rare opportunity to acquire a fully stabilized corporate office investment backed by a creditworthy tenant occupying the entire rentable square footage.
With 100% of the 96,250 square foot leased to and operated by loves corporate operations, this offering provides some secure income characteristics, operational significance to the tenant, and a long term strategic value within a premier office corridor of Oklahoma City.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
92,102 SF
Building Class
B
Year Built/Renovated
1985/2002
Price
$15,150,370 CAD
Price Per SF
$164.50 CAD
Cap Rate
8.90%
NOI
$1,348,383 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
92,102 SF
Building FAR
0.25
Lot Size
8.46 AC
Zoning
C-3 - Community Commercial
Parking
499 Spaces (5.42 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Central Heating
- Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 140316100 | Improvements Assessment | $770,603 CAD |
| Land Assessment | $191,911 CAD | Total Assessment | $962,514 CAD |
Property Taxes
Parcel Number
140316100
Land Assessment
$191,911 CAD
Improvements Assessment
$770,603 CAD
Total Assessment
$962,514 CAD
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Centre of America Shopping Center | 1331 W Memorial Rd
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