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Grocery-Anchored High-Yield Value-Add Retail Westgate Center
62,474 SF 82% Leased Retail Building Online Auction Sale Woodward, OK 73801
Investment Highlights
- Westgate Shopping Center is a six-tenant shopping center, dual-anchored by United Supermarkets, a 50+ year tenant, and Harbor Freight Tools.
- Set to benefit from a $250 million, four-lane highway project connecting Woodward to Interstate 40, allowing easy access to customers in OKC.
- This rare investment provides a diverse tenant mix with below-market gross leases and long-term upside growth potential.
- Direct frontage to US Route 412, Woodward’s primary commercial artery, provides the property with exposure to more than 19,000 vehicles daily.
- Close to Woodward’s most popular shopping and dining establishments, with easy points of ingress/egress and 218 on-site parking spaces.
Executive Summary
The Westgate Shopping Center is a six-tenant shopping center totaling 62,474 square feet, originally constructed on a 5.1-acre lot in 1972. The center is dual-anchored by United Supermarkets, a 50+ year tenant, and Harbor Freight Tools, a strong national retailer that recently signed a new 10-year lease. Suites boast glass storefronts, prominent tenant signage, and unique entry points along a covered sidewalk.
Discover how Westgate Shopping Center’s incredible location sets it apart from the competition. Positioned with direct frontage to US Route 412, this site receives exposure to almost 19,000 vehicles daily. This vital artery serves as Woodward’s primary commercial and commuter corridor, home to the city’s most popular shopping and dining establishments, drawing strong additional traffic to the center. The property is equipped to handle this elevated traffic, with easy points of ingress/egress and 218 surface parking spaces.
Woodward is the principal center of trade for Northwest Oklahoma and a 10-county region, including counties in Kansas and Texas. The city will benefit from a $250 million four-lane highway project connecting it to Interstate 40. This project will allow direct access to Oklahoma City and provide additional infrastructure to support Woodward's businesses.
This performing investment is a true rarity in the market. Contact the Colliers team today to schedule a tour and learn more about this incredible opportunity.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
Amenities
- Freeway Visibility
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former Mail It store. Interior would need slight modifications. Plenty of storage room in the back of suite. Contiguous with the 9,000 square foot vacancy.
Former Okla. Dept. of Human Services office.
Space | Size | Space Use | Position | Available |
1st Floor | 2,125 SF | Retail | In-Line | Now |
1st Floor | 9,000 SF | Office/Retail | - | Now |
1st Floor
Size |
2,125 SF |
Space Use |
Retail |
Position |
In-Line |
Available |
Now |
1st Floor
Size |
9,000 SF |
Space Use |
Office/Retail |
Position |
- |
Available |
Now |
1st Floor
Size | 2,125 SF |
Space Use | Retail |
Position | In-Line |
Available | Now |
Former Mail It store. Interior would need slight modifications. Plenty of storage room in the back of suite. Contiguous with the 9,000 square foot vacancy.
1st Floor
Size | 9,000 SF |
Space Use | Office/Retail |
Position | - |
Available | Now |
Former Okla. Dept. of Human Services office.
DEMOGRAPHICS
Demographics
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 0001-00-069-001-0-000-00 | Improvements Assessment | £130,167 |
Land Assessment | £32,196 | Total Assessment | £162,362 |
PROPERTY TAXES
Sale Advisors
Sale Advisors
Eric Carlton, Executive Vice President
Jereme Snyder, Executive Vice President
Jeremy Foraker, President and Managing Broker
About the Auction Platform
Auction Contact
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Grocery-Anchored High-Yield Value-Add Retail | Westgate Center
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Grocery-Anchored High-Yield Value-Add Retail | Westgate Center
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