The Village at Woodland Hills is a 223,124-square-foot, multi-tenant community retail center located in Tulsa, Oklahoma. The center is currently 94 percent occupied, and 84 percent of the gross leasable area has triple-net leases, providing upside potential to a future investor. Anchored by top-ranking Cinergy Cinemas & Entertainment and Sun & Ski Sports, the tenant base is a complementary mix national, regional, and local service-oriented businesses. Other major tenants include Hobby Town, Furniture Depot, American Leadership Academy, American HTV and Crafts, Vintage Stock, Tandy Leather, HuHot Mongolian Grill, and more. Originally constructed in 1986, the center sits on a large 22.02-acre parcel with ample paved parking.
The Village at Woodland Hills is located on South Memorial Drive, near the intersection with East 71st Street, and is easily accessible from multiple ingress and egress points. The main access to the center from South Memorial Drive has traffic counts of approximately 30,596 vehicles per day. The subject property is shadow-anchored by a top-performing Walmart Supercenter, ranking in the 96th percentile nationwide and number two store in the state of Oklahoma based on annual visitors to all Walmart Supercenter stores (source: Placer.ai). Numerous other national and regional retailers are in the neighboring area, including Firehouse Subs, Discount Tire, Ollie’s Bargain Outlet, Burlington, Verizon, WinCo Foods, Ross Dress for Less, Sam’s Club, Nordstrom Rack, and many others.
- 223,124-Square-Foot, Multi-Tenant Community Center | Prime Location in the City’s Main Retail Corridor
- Shadow-Anchored by a Top-Performing Walmart Supercenter, Driving 3.3 Million Visits Annually | Ranks in the 96th Percentile Nationwide and the #2 Store in Oklahoma, Compared to Other Walmart Supercenter Stores, Based on Consumer Traffic (Source: Placer.ai)
- Anchored by Cinergy Cinemas & Entertainment and Sun & Ski Sports | Both Anchors are Ranked the #1 Store in the State and #2 Store in the Nation as Compared to other Cinergy and Sun & Ski Sports Locations, Based on Consumer Traffic (Source: Placer.ai)
- Tenant Base is a Complementary Mix of National, Regional, and Local Retailers
- 94% Occupied | 84% Triple-Net Leases | Current Average Rents are Significantly Below Market | Future Upside Potential
- Priced at $97 per Square Foot | Well Below Replacement Cost
- Located on South Memorial Drive Near the Intersection with East 71st Street | Traffic Counts on South Memorial Drive are Approximately 30,596 Vehicles per Day
- Adjacent Pad Sites Include Red Lobster and Pep Boys | Not a Part of the Offering, but Both Pay Landlord for Common Area Expenses
- Across from Woodland Hills Mall, a Simon Center | 1+ Million Square-Foot, Super Regional Mall Anchored by Newly Constructed Scheels, JCPenney, Macy’s, and Dillard’s
- Close Proximity to National Hotel Brands, Providing Additional Traffic to the Area
- Property Location Serves a Densely Populated Area of More Than 249,000 Residents Within a Five-Mile Radius
- Tulsa is the Second Most-Populous City in the State of Oklahoma and 48th Most-Populous City in the United States
