Marcus & Millichap is pleased to offer the opportunity to acquire a 19,515-square-foot, multi-tenant retail center located in Idabel, Oklahoma. The subject property is 100 percent leased to national retailers, of which 93 percent have occupied the center for 15 or more years. Anchored by Dollar Tree and Hibbett Sports, other tenants include CATO, Edward Jones, and US Cellular. Constructed in 2004, the building is situated on 1.86 acres with ample paved parking.
Idabel Dollar Tree Plaza is located on Washington Street with traffic counts in front of the property exceeding 10,031 vehicles per day. Shadow-anchored by Walmart Supercenter, the subject property is near other national and regional retailers including Subway, Pizza Hut, First Bank, KFC, Taco Bell, Sonic Drive-In, Harbor Freight Tools, AutoZone Auto Parts, O’Reilly Auto Parts, Tractor Supply Co., Braum’s Ice Cram & Dairy Store, and many more. The 10-mile population is approximately 15,535 residents having an average household income of $54,604.
- 19,515-Square-Foot, Multi-Tenant Retail Center
- 100% Occupied | All Leases are Triple-Net
- Shadow-Anchored by Walmart Supercenter | Major Traffic Driver to the Area with 1.7 Million Visits Annually (source: Placer.ai)
- Strong Tenant Base Featuring 100% National Tenants | 94% of the GLA is Leased to Publicly Traded Companies | Dollar Tree (NASDAQ: DLTR) | CATO (NYSE: CATO) | Hibbett Sports (NASDAQ: HIBB) | US Cellular (NYSE: USM)
- Dollar Tree Recently Exercised an Early Five-Year Lease Extension with an Additional Renewal Option, Demonstrating Continued Commitment to the Location
- Long Term, Established Tenant Base | 93% of the GLA has Occupied by the Center for 15+ Years
- Landlord Reports a New TPO Roof was Installed in 2018 with a 20-Year Warranty
- Priced at $156 per Square Foot | Below Replacement Cost
- Located on Washington Street | Traffic Counts are Approximately 10,031 Vehicles per Day
- Nearby National and Regional Retailers Provide Additional Traffic to the Area, Such as Choctaw Casino, Bealls, Shop Dept., Tractor Supply Co., and Others
- Idabel is the County Seat of McCurtain County | 21 Miles West of the Oklahoma-Arkansas State Line
- Part of Oklahoma Southeast Geographic Region, Representing over 20 Communities and Counties | Serving 9.5 Million Potential Customers within a 150-Mile Radius
