December 6, 2022 – Chris King of Horvath & Tremblay has successfully completed the sale of the grocery anchored Eton Square in Tulsa, Oklahoma. Horvath & Tremblay represented the seller to complete the transaction at a sale price of $5,950,000.
Eton Square is located at 8221 E 61st Street in Tulsa, Oklahoma. The Property consists of 56,387 square feet and is positioned on a 7.45-acre parcel of land. Eton Square is 61.7% leased to an attractive mix of tenants including Aldi, Pet Supplies Plus, Scooter’s Coffee and Geek Rescue. The center offers significant upside through the lease-up of 21,606 square feet of vacant space. The vacant units are versatile and can be easily reconfigured to accommodate a host of prospective tenant sizes. All of the leases feature attractive rent increases throughout the primary lease terms and that the start of each renewal option. Eaton Square is situated on a highly visible corner parcel at the signalized intersection of E 61st Street and Memorial Drive in the southeastern portion of Tulsa. Memorial Drive is one of the area’s primary commercial and commuter corridors, and E 61st Street connects with US Highway 64 1-mile east of the Property. The Property enjoys outstanding visibility and frontage and benefits from four points of access. The Property further benefits from its proximity to the Woodland Hills Mall, a Walmart Supercenter, and numerous other national retailers drawing traffic to the area. Additionally, just outside of the intersection are densely populated residential neighborhoods that provide a built-in customer base for the Property.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.