High-Traffic Corner Retail Center with Upside 8221 E 61st St 5 538 m² 75 % Loué Local commercial Vente aux enchères en ligne Tulsa, OK 74133

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Eton Square, an Aldi anchored shopping center in Tulsa, Oklahoma (the “Property”). Eton Square was constructed in 1985 and 2016 (multi-tenant center) and 2020 (Scooter’s) and has been well maintained and renovated over the years. Eton Square consists of 59,614 square feet on 7.45-acres of land. As discussed in greater detail further below, the Property is 74.51% leased to five (5) tenants and is anchored by Aldi, with the remainder of the space leased to national and local retailers and restaurants that cater to the needs of the area residents. Eton Square offers a stable and secure asset with established tenants and long-term leases that feature scheduled rent increases and expense reimbursements. The Property also offers upside through the lease-up of Suite T, a 15,196-square-foot unit.

Eton Square enjoys outstanding frontage and visibility at the signalized intersection of E 61st Street and Memorial Drive, one of the area’s primary commercial and commuter corridors. The Property is part of a dominant trade area that is home to countless national retailers and restaurants, the Woodland Hills Mall, St Francis Hospital, Hilcrest Hospital South, Tulsa Community College Southeast, and major roadways including US Route 64 and OK Route 364, all of which drive traffic to the area. Additionally, the Eton Square is within minutes of several area schools and is surrounded by densely populated residential neighborhoods providing a built in customer base. The Property is 9-miles southeast of Tulsa’s Central Business District.

THE ASSET: Eton Square is a 59,614-square-foot grocery anchored shopping center on a large 7.45-acre corner parcel. The Property is 74.51% leased to five (5) tenants and is anchored by Aldi, with the remainder of the space leased to Pet Supplies Plus, Geek Rescue, Belluga Beverage Co and Scooter’s Coffee, which has a Ground Lease and occupies a 550-square-foot single tenant building. The Property offers upside through the lease up of Suite T, a 15,196-square-foot space. Suite T is currently occupied by Dealz Zone, bringing the property to 100% occupancy currently, however Dealz Zone pays partial rent. For underwriting purposes, base rent and expense reimbursement income for Dealz Zone is not factored into underwriting. Contact the agent for more information.

STRONG ANCHOR & NATIONAL TENANTS: Aldi has over 2,500 stores in 40 states with 25,000 committed employees. Aldi completed its acquisition of Southeastern Grocers in 2024, gaining access to the parent company's 400 locations. Around 50 of the newly acquired Winn-Dixie and Harveys Supermarket stores started the conversion process to the Aldi format in the latter half of 2024, with the majority set to reopen as Aldi stores in 2025. The initiatives in 2024 were part of a larger, five-year plan to open 800 new stores, investing over $9 billion in the process. The Property is also home to Pet Supplies Plus, and Scooter’s Coffee.

OPERATING EXPENSE PROTECTION: All the tenants have net leases and are responsible for reimbursing their pro-rata share of operating expenses, repairs, and maintenance, making it an attractive investment for the passive real estate investor and protecting against rising expenses.

PRIME RETAIL LOCATION: Eton Square enjoys outstanding visibility, frontage and access at the signalized intersection of E 61st Street and S Memorial Drive. The Property is part of a dominant trade area that is home to Walmart Supercenter and the Woodland Hills Mall, with over 1 million square feet and more than 150 stores. The Property is surrounded by national retailers and restaurants that drive traffic to the area. The Property is convenient to the area’s densely developed residential neighborhoods, large scale apartment communities, area schools including Union High School and Tulsa Community College (Southeast Campus) and two hospitals (Hillcrest Hospital South and St Francis Hospital). Additionally, the Property is 1.4 miles from US Route 64 and 3.2 miles from Interstate 44.

RETAIL TRADE AREA: Notable retailers and restaurants drawing consumers to the trade area include Woodland Hills Mall (Macy’s, Scheels, and Apple), Walmart Supercenter, Target, Home Depot, Lowe’s, Sam’s Club, Harbor Freight, WinCo Foods, Best Buy, Ross, Dick’s, Burlington, Ollie’s Bargain Outlet, Vasa Fitness, SkyZone Trampoline Park, TJ Maxx, Cheesecake Factory, Longhorn Steakhouse, Outback, Panera, Chick-fil-A, Raising Cane’s, Starbucks, McDonald’s, KFC, Popeyes, Arby’s, Whataburger, Sonic, IHOP, Red Lobster, Olive Garden, Zaxby’s, Del Taco, Waffle House, Wingstop, Domino’s, Pizza Hut, Krispy Kreme, and Cheddar’s.

POTENTIAL PAD SITE: Eton Square provides an abundance of parking near the East 61st Street entrance. A buyer may explore further enhancing the NOI through development or structuring a ground lease with a new tenant.

TRAFFIC COUNTS: Over 43,300 vehicles pass the Property every day at the signalized intersection of E 61st Street and S Memorial Drive. Additionally, the Property is convenient to US Route 64, which sees more than 124,800 vehicles per day.

DEMOGRAPHICS: Approximately 92,200 people live within 3 miles of the Property with an average household income of $97,858. An impressive 263,200 people live within 5 miles of the Property with an average household income of $105,903.

Property tours are by appointment only. Please contact the listing broker to schedule.

Broker of Record: Brian Brockman, OK License #177814