501 SE Washington Blvd
Bartlesville, OK 74006
Shops at Turkey Creek - Bartlesville, OK · Commerce de détail Propriété À vendre

SHOP Companies is pleased to present the opportunity to acquire a fully leased, 91,037-square-foot, five-tenant shopping center situated on 8.25 acres in Bartlesville, Oklahoma. The center is 100% leased to a strong mix of nationally recognized tenants, including Dollar Tree, Five Below, Bealls Outlet, Ollie’s Bargain Outlet, and Shoe Show. Notably, Five Below leased a previously vacant space in 2021, demonstrating strong demand from National Credit Tenants. Five Below has over 1,800 locations across 44 states as of Q1 2025 with plans to launch another 150 stores in 2025. With an average rent of $7.57 PSF NNN, the property offers at or below market rates that support continued occupancy and income growth.
Strategically located along the primary retail corridor of Bartlesville, Oklahoma, the Shops at Turkey Creek is positioned at the highly trafficked intersection of US Highway 75 and East Frank Phillips Blvd, the center benefits from outstanding visibility and accessibility, with combined traffic counts exceeding 34,000 vehicles per day. The center features ample parking, multiple ingress/egress points, and proximity to major retailers such as Walmart, Lowe’s, Hobby Lobby, Starbucks, and Planet Fitness—all of which enhance consumer draw. Further underscoring the location’s retail strength, the well-known regional brand Bricktown Brewery, based in Oklahoma City, recently opened a newly constructed 8,664-square-foot restaurant on a prime outparcel of the center in 2022. The property draws from a robust local customer base, with over 34,000 residents within a 3-mile radius and an average household income of over $88,000—supporting consistent traffic and retail demand. This stabilized asset offers investors a secure income stream with established tenants in a thriving retail corridor.
Bartlesville, Oklahoma, is a city rich in history and poised for continued growth. Established in the late 19th century, it became the birthplace of Phillips Petroleum Company—now ConocoPhillips and Phillips 66—cementing its role in the energy sector. Located just 45 miles north of Tulsa, Bartlesville benefits from its proximity to a major metropolitan area while maintaining its own distinct identity and charm. Today, the city is home to approximately 38,114 residents, with projections indicating steady population growth in the coming years. The average household income in Bartlesville stands at $78,473, reflecting a stable, economically engaged community. Economic development remains a central priority, with programs like the Resident Recruitment Program drawing professionals to the area and expanding the local workforce and consumer base. The city has also attracted notable business investments, such as the expansion of Lincoln Electric Products, expected to create 100 new jobs. These developments underscore Bartlesville's commitment to fostering a thriving, sustainable economy.