Memorial Square

Overview

Memorial Square Retail Power Center consists of 123,557 square feet situated on 14.52 acres of land. The property was built in 2004-2007 and has a major national tenant mix line-up that includes: Marshalls, P.F. Chang’s, Red Robin, Carters, OshKosh, DSW, Charles Schwab, Party City, Petland, Qdoba, David’s Bridal, and more. At the time of the purchase the property had 89.04% occupancy.

Memorial Square is located at the northeast corner of Memorial and N. Pennsylvania Avenue, shadow anchored by Oklahoma’s #1 highest volume Super Target. The property is positioned in the North Oklahoma City submarket and is strategically located along the Memorial Road retail corridor. The North retail submarket benefits from densifying neighborhoods and high local spending power with an estimated annual consumer spending of over $2.0 billion. The submarket boasts a strong average household income of $110,000, and the strong consumer spending has supported a retail market marked with consistently high occupancy and exponential rent growth. In the past 10 years; rents in the submarket have cumulatively risen by 27%.

13700 – 13850 N. Pennsylvania ave, oklahoma city, ok

Power Center Highlights

• Co-Tenancy includes: Marshall’s, DSW Shoes, Party City, Oshkosh, Qdoba, Petland, P.F. Chang’s, Carter’s, David’s Bridal, Red Robin, 5.11 Tactical, Charles Schwab
• The Power Center includes 6 buildings consisting of 123,557 SF of Retail
• 27% Population Growth Since 2010
• #1 highest volume Super Target in Oklahoma