Cornerstone Shopping Center
Description
Cornerstone Shopping Center
Retail - Oklahoma CIty OK
Property Description:
The Property was constructed in 1958/1981/1985 and extensively renovated in 2007 and 2019. The suites are spread across two buildings and 2 pad sites, which face MacArthur and NW 39th Expressway. The Project is comprised of 28 suites ranging in size from 1,250 SF to 7,529 SF and is currently 93% occupied. In addition to the inline space, there are two improved single tenant pads occupied by restaurants, one of which was rebuilt in 2019. The proximate area is comprised of similar retail product, along with residential and industrial properties. Traffic counts along the contiguous roadways include approximately 56,000 VPD combined, and the nearby demographics are favorable for the current tenant base. NW 39th Expressway acts as a major east‐west thoroughfare through northwestern Oklahoma City.
Location Description:
Cornerstone Crossing is situated at the intersection of NW 39th Expressway (34,000 cars/days) and N. MacArthur Boulevard (22,000 cars/day), The Neighborhood Shopping Center enjoys high visibility from both streets and a prominent position within an established retail trade area. Cornerstone Crossing’s retail and restaurant tenants benefit from the heavy retail cross‐traffic provided by the numerous reputable tenants in the immediate trade area including CVS Pharmacies, Walgreens, McDonalds, and First Fidelity Bank. Furthermore, the trade area benefits from the presence of Southern Nazarene University (2,165 annual enrollment, 0.6 miles away) and The Children’s Center Rehabilitation Hospital (0.7 miles away), and a built‐in patron base via the large residential clusters of over 82,000 households on all sides within five miles of the Property.
Property Features
- Retail
- Floor Area is 73,792 square
