Ponca City Plaza – Ponca City, OK

Price: $1,675,000
Sq. Ft.: 10,600
Cap Rate: 9.11%
Built: 1999
Absolute NNN

Ponca City Plaza is a 10,600-square foot multi-tenant retail center in Ponca City, Oklahoma. The center is 100 percent occupied, and all leases are triple-net. National credit tenants occupy 100 percent of the gross leasable area, including Hibbett Sports, T-Mobile, Papa Murphy’s Pizza, and GameStop. Constructed in 1999, the center is situated on 0.93 acres.

The subject property is located on East Prospect Avenue and is shadow anchored by Walmart Supercenter. Traffic counts are approximately 13,900-vehicles per day in front of the property. Neighboring national and regional tenants include Tractor Supply Company, CATO, Chili’s Grill & Bar, Schlotzsky’s, RibCrib BBQ & Grill, Aldi, AMC Classic Theatre, Hobby Lobby, Dollar General, Supercuts, Planet Fitness, Aaron’s, Shoe Department Encore, Check ‘n Go, Subway, Long John Silvers, Taco Bell, Burger King, AT&T, Little Caesar’s Pizza, Holiday Inn Express, Sherwin-Williams, Hampton Inn, Sonic Drive-In, O’Reilly Auto Parts, Comfort Inn & Suites, Ace Hardware, Walgreens, among others. Ponca City Regional Airport is less than three miles west of the property. The five mile population is 27,900 with an average household income of $57,300.

Ponca City is in Kay County in the northern part of the state near the Kansas border. Ponca City’s history and economy has been shaped chiefly by the petroleum industry. The Ponca City Refinery, operated by Phillips66, is the largest refinery in the state of Oklahoma. Infrastructure improvements have enabled the delivery of increased volumes of locally produced advantaged crude oil by pipeline and truck. The city is accessible by US-60, US-77, US-177, OK-11, and I-35.

• 100% Occupied Walmart Shadow-Anchored Retail Center
• 100% National Credit Tenants
• All Leases are Triple-Net
• Anchored by Hibbett Sports ~ Tenant since 1999
• Located in Ponca City’s fastest growing Retail Area at the Intersection of Highway 77 & Prospect Ave.
• Ponca City is in Northern Oklahoma near the Kansas border
• Ponca City Refinery is the largest refinery in the state ~ operated by Phillips 66