Garrett Creek Shopping Center

Garrett Creek Shopping Center | Investment Opportunity

Now Available for Sale

Garrett Creek Shopping Center is a premier grocery-anchored retail investment located at 11560 N. 135th E. Ave., Owasso, Oklahoma. Anchored by Reasor’s and positioned at the intersection of Highway 169 and Highway 20, the center serves the rapidly growing Owasso, Collinsville, Oologah, and Claremore trade areas. The property offers investors a stable income stream, strong occupancy, and long-term upside potential.

Property Highlights

• 104,081 SF grocery-anchored shopping center
• 98.16% occupied
• Reasor’s grocery anchor (79,216 SF)
• Diverse mix of medical, retail, restaurant, and service tenants
• Built in 2008
• 13.81-acre site with 605 parking spaces
• Strategic location in one of the Tulsa metro’s fastest-growing suburban markets

Investment Highlights

• Offered at $15,200,000
• Current NOI: $1,051,015
• Cap Rate: 6.90%
• Strong grocery anchor with positive sales trends
• Below-market small shop rents provide future revenue growth opportunities
• Well-maintained asset with minimal deferred maintenance
• Reasor’s roof replaced in 2018
• Continued residential growth driving long-term demand in the trade area

Location Advantage
Owasso continues to experience significant residential and commercial growth, supported by strong household incomes, excellent regional accessibility, quality schools, and a business-friendly environment. Garrett Creek Shopping Center is ideally positioned to benefit from the area’s expanding population and retail demand.