Development Land SEC of 86th Street North and Memorial Drive Owasso, Oklahoma

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Development Land SEC of 86th Street North and Memorial Drive Owasso, Oklahoma
Development Land
               SEC of 86th Street North and Memorial Drive • Owasso, Oklahoma

     FOR MORE          Dwayne Flynn, SIOR, CCIM   Ryan Shaffer, SIOR, CCIM
I N F O R M AT I O N   Senior Vice President      Senior Associate
          PLEASE       +1 918 392 7249            +1 918 392 7203
      C O N TA C T     dwayne.flynn@cbre.com      ryan.shaffer@cbre.com
Development Land SEC of 86th Street North and Memorial Drive Owasso, Oklahoma
PROPERTY OVERVIEW
FEATURES

•   Approximately 20± Acres
•   Significant road frontage on 86th and Memorial
•   Prime opportunity for multifamily or commercial
•   Great location — in between Hwy 75 and 169
•   3 Miles into the heart of Owasso
•   Utilities close
•   Located in one of the fastest growing cities in Oklahoma

AREA RETAILERS AND ATTRACTIONS

•   Smith Farm Marketplace which has national retail tenants
    including Target, Old Navy, Hobby Lobby, Lowes, Walmart
    SuperCenter, Best Buy, Men’s Warehouse, Ulta, Petsmart,
    Ashley Furniture Homestore, Kirklands, and more.
•   Local restaurants include: Logan’s Roadhouse, Olive
    Garden, Red Robin, Starbucks, Bricktown Brewery, Chic-
    Fil-A, Freddies, Chili’s, Panera Bread, Applebees, Lone Star
    Steakhouse and more.
•   Lodging: Within 3 Miles to Hampton Inn & Suites, Towne
    Place, Holiday Inn Express and more.
•   Site is one mile west of the Bailey Ranch Golf Course
•   Moments away from Downtown Tulsa, the Tulsa Drillers and
    more great food and entertainment options.
                                                                   DEMOGRAPHICS                1 Mile     3 Miles     5 Miles
                                                                   Population                   1,163     21,937      44,922
                                                                   Household Income           $86,776    $78,906     $84,125
                                                                   Est. Avg. Housing Value   $258,180   $192,147    $202,591
Development Land SEC of 86th Street North and Memorial Drive Owasso, Oklahoma
Walmart   Sam’s Club
                               8 Miles to
                             Downtown Tulsa
                   0 VPD

                                                                                     Starbucks
Highway 75 — 33,50

                                 E. 86th Street North — 11,270 VPD
                                                                              SITE

                               E. 76th Street North — 10,670 VPD

                                                                                      Highway 169 — 49,644 VPD
                                                               Macy’s
                                                        Fullfillment Center

                             Cherokee
                           IndustrialPark
Development Land SEC of 86th Street North and Memorial Drive Owasso, Oklahoma
PROPERTY SITUATION
STRENGTHS                                          AREA EMPLOYERS*                                                                                NEW & RECENTLY COMPLETED PROJECTS
•   86th is 4 lanes into Owasso, 4 lanes to        •   American Airlines .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6,000                  •   Academy Sports & Outdoors
    Highway 75 planned
                                                   •   Macy’s Distribution .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 4,000                   •   Walmart Neighborhood Market, (2nd Location
•   General level topography
                                                   •   Whirlpool Appliances .  .  .  .  .  .  .  .  .  .  .  .  .  . 1,600                            in Owasso)
•   Presently Zoned AG, surrounded by single
                                                   •   Verizon Telecommunications .  .  .  .  .  .  .  .  . 1,500                                 •   Taco Bell
    family
                                                   •   Owasso Public Schools .  .  .  .  .  .  .  .  .  .  .  .  . 1,100                          •   Arby’s
•   Prime location for multifamily or commercial
                                                   •   Nordam Group  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 700                  •   A new Urgent Care Facility
•   2 Miles West to Highway 75
                                                   •   Capital One Financial Services .  .  .  .  .  .  .  . 600                                  •   Firehouse Subs
•   2 Miles East to Owasso and Highway 169
                                                   •   Walmart  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 550        •   Buffalo Wild Wings
•   1 Mile West of Bailey Ranch Golf Course
                                                   •   National Steak & Poultry .  .  .  .  .  .  .  .  .  .  .  .  . 500                         •   Rejoice Christian School (Private school, $50
•   3 Miles into the heart of Owasso                                                                                                                  million campus)
                                                   •   Reasors Grocery .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 350
•   600’ of frontage along N. Memorial                                                                                                            •   Tulsa Technology Center (Recently completed,
                                                   •   City of Owasso .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 250                  $38.5 million campus)
•   1,212’ of frontage 86 Street North
                         th

                                                   •   Bailey Medical Center .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 228                      •   Macy’s Distribution Center, 1.3 million SF
•   Owasso retail growth 2nd fastest among
    large OK markets of 9.6%                       •   Bama Foods .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 225            •   Jim Glover Chrysler Jeep Dodge
•   Population growth - stable at 2.9%             •   Honeywell Industrial Products  .  .  .  .  .  .  .  .  . 215                               •   Casey’s General Store (under construction)
•   12 Minutes to Downtown Tulsa                   •   Target  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 130   •   Smitty’s Garage Burgers & Beer
•   Recently annexed into City of Owasso           •   Precision Components  .  .  .  .  .  .  .  .  .  .  .  .  .  . 100
                                                   •   Hammco Heat Exchangers .  .  .  .  .  .  .  .  .  .  . 100
                                                   •   Highlight: More than 65% of Owasso residents
                                                       work in the Maagerial, Financial, Professional,
                                                       Administration or Sales Fields.
                                                   *cityofowasso.com
Development Land SEC of 86th Street North and Memorial Drive Owasso, Oklahoma
Figure V-1, City of Owasso Adopted Land Use Plan

OWASSO MASTER DEVELOPMENT PLAN

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  IT
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Development Land SEC of 86th Street North and Memorial Drive Owasso, Oklahoma
SITE UTILITIES
                                  86TH ST N

                                              SEWER
                 12’ Water Line
Development Land SEC of 86th Street North and Memorial Drive Owasso, Oklahoma
SITE TOPOGRAPHY
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                                                                       E. 86th Street North

     FOR MORE            Dwayne Flynn, SIOR, CCIM                     Ryan Shaffer, SIOR, CCIM
I N F O R M AT I O N     Senior Vice President                        Senior Associate
          PLEASE         +1 918 392 7249                              +1 918 392 7203
       C O N TA C T      dwayne.flynn@cbre.com                        ryan.shaffer@cbre.com
                         CBRE, Inc | 1437 S. Boulder Ave. | Suite 1070 | Tulsa, OK 74119 | www.cbre.us/tulsa

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