10481 N May Avenue – Village Park North

Investment Summary

Wiggin Properties is pleased to present the exclusive offering of Village Park North, a fully occupied multi-tenant retail asset offering a compelling mark-to-market opportunity in one of Oklahoma City’s most tightly held corridors at a basis well below replacement cost.

Located along North May Avenue, a highly visible retail spine in northwest Oklahoma City, the property totals 16,241 square feet and sits on a 1.35-acre site surrounded by a strong combination of local and national credit retailers along the corridor. Originally built in 1973, the asset has been owned and maintained by the same family for decades, benefitting from strategic capital improvements and strong tenant relationships. Today, it remains fully occupied with a 1.49 weighted average lease term (WALT) remaining, setting the stage for immediate repositioning and lease conversions.

The offering allows investors seeking durable yield and embedded upside to acquire an asset situated within a tight supply corridor where less than 3% of land remains undeveloped all without the risks of entitlement or unforeseen rises in construction costs.

With a long-standing tenant roster, a proven location, and the ability to immediately enhance value, Village Park North is a legacy assetpoised for its next chapter under new stewardship

Property Type: Multi-Tenant Shopping Center

Built: 1973

Leased: 100%

Parcel Numbers: 3897-17-896-2275, 3897-17-896-2280

Lot Size: 1.35 AC

Parking Ratio: 3.44 per 1,000 SF(56 Spaces)