Plaza Latina 8467-8497 NE 23rd St 40,000 SF 94% Leased Retail Building Spencer, OK 73084 $4,569,048 CAD ($114.23 CAD/SF) 8.03% Cap Rate

Plaza Latina is a ±40,000 SF retail center situated on 3.1 acres along NE 23rd Street in Oklahoma City, offering strong frontage in a high-traffic corridor. The property is fully leased with approximately $25,500 in monthly base rent, anchored by a 23,000 SF tire shop and a gas station that together contribute a majority of the income. The tenant mix consists of service-oriented and neighborhood retail users, providing stable in-place cash flow with diversified tenancy. The asset has a weighted average lease term of approximately 3.2 years, with several shorter-term leases creating near-term rollover and rental upside. With recent renovations completed and multiple lease expirations in the near term, the property offers a balance of current income and value-add potential through lease-up and rent growth.