Towne South Center is located on the southwest corner of I-240 and Walker in Oklahoma
City, Oklahoma. The 54,000 square foot project has approximately 500 feet frontage on
I-240 and 550 feet frontage on Walker Avenue. The center is anchored by On The Border
and Chuck E. Cheese. Construction of the Chuck E. Cheese project was completed in 2005
followed by On The Border 2006.
The north retail strip center is occupied by Primo's Italian Restaurant, Hair Rage Salon and
Fine Wine's & More. The south retail strip is occupied by City Bites restaurant. The highly
traveled I-240 exposes the Towne South tenants to approximately 150,000 cars per day
securing their already popular business. With the location of the center and the proven
concept of the tenants, the Towne South Center should be a solid investment opportunity
for many years.
On The Border who's parent company is Brinker International, is one of the nation's most
influential restaurant chains. With over 1,700 restaurants which include Chili's Grill & Bar,
Chili's Too, Romano's Macaroni Grill, Maggiano's Little Italy and On The Border, Brinker
International is a trend setter in the restaurant industry. Brinker has been recognized as a
Fortune 500 Company and regularly one of the "400 Best Companies in America".
www.brinker.com
Chuck E. Cheese was founded in 1977 and has grown to 529 stores in 48 states and 5
countries. Chuck E. Cheese merged with Showbiz Pizza in 1984 becoming a front runner
in the family entertainment restaurant business. Before the owner built the new building in
2005, Chuck E. Cheese occupied space at this location for over 15 years.
www.chuckecheese.com
The I-240 corridor between I-35 and May Avenue has developed into the metro's hot bed
for retail and restaurant spending. New tenants to the area include Lowe's, Marshalls, Ross,
Michaels, Old Navy, Charleston's and On The Border. Tenants who have expanded in the
area include, Mardel's, Burlington, Petsmart, Circuit City, Interurban Restaurant and
Chuck E. Cheese.
DIMENSIONS:
FRONTAGE:
ZONING:
PRICE:
NOI:
CAP RATE:
COMMENTS:
7.10 +/- Acres
500 +/- feet along I-240 East Service Road
550 +/- feet along South Walker Avenue
C - 3 Community Commercial
$6,710,000
$470,225.04
7%
Great location
New construction
National credit tenants
Busy intersection
For more information contact:
Paul Ravencraft
Direct: (405)239-1220
View Bio
Phillip Mazaheri
Direct: (405)239-1221
View Price Edwards & Company Investment Division overview
