Casady Square
Casady Square consist of 136,772 square feet of retail situated on 8.43 acres of land. The tenant mix includes local and national tenants, most being well known local long-term destination shops. Casady Square is currently 85% occupied with notable tenants such as: T-Mobile, Nuvo Home, 1492, Fitness 19, Farmers Insurance, No Regrets and New Leaf Florist. National Retailers in the area include: Walmart Neighborhood Market, Bank of Oklahoma, Walgreens, CVS, Church's Chicken, Arby's and Little Caesars Pizza.
Neighborhood Shopping Center for Sale
Sale Price: $9,500,000
Price / SF: $69.46
Cap Rate: 8.6%
NOI: $817,010
Building Size: 136,772
Occupancy: 85%
Lot Size: 8.43 Acres
Year Built: 1956
Renovated: 1973
Market: Oklahoma City
Submarket: North/The Village
Property Highlights
Destination Shopping Center in The Village
Located across from Casady Private School
Upside potential with average PSF below $8/sf
Property below market value at $70/sf
Walmart Neighborhood Market located east of the property
Location Overview
Casady Square is located on the west side of Pennsylvania Avenue on both sides of W. Britton Road in The Village, Oklahoma. The 8.43 acre site is located just west of Walmart Neighborhood Market. Casady Square is well known shopping and lifestyle destination in the area with Casady Private School located just across Pennsylvania.
The Village is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. The population was 8,929 at the 2010 Census. The Village is entirely surrounded by Oklahoma City, except where it abuts Nichols Hills. The city is home to the corporate headquarters of Love's Travel Stops & Country Stores, the OKC Friday community newspaper, and Casady School. The Village has a City Manager form of government where the City Manager is overseen by an elected Council and the position of Mayor rotates among the Council members.
According to the United States Census Bureau, the city has a total area of 2.5 square miles, of which, 2.5 square miles of it is land and 0.39% is water.
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