Shops at McAlester is a newer-construction, 10,461-square-foot multi-tenant retail center situated on approximately 1.23 acres. Completed in 2022, the property is leased to T-Mobile, Jersey Mike’s, Wingstop, and McAlister’s Deli under triple-net leases with scheduled rent increases and renewal options. The center is currently 81 percent occupied, with a 1,961-square-foot vacant suite providing an opportunity to increase NOI upon stabilization. McAlister’s Deli features a drive-through, further enhancing the center’s convenience-oriented tenant mix. The adjacent 100-percent-occupied Starbucks & Glo Tanning property is being offered concurrently, providing investors the opportunity to acquire either property individually or both together.
Shops at McAlester is strategically located along Tanglewood Drive near US Highway 69, one of the primary commercial corridors serving McAlester and the surrounding southeastern Oklahoma trade area. The property benefits from convenient regional access, strong visibility, and proximity to a dense concentration of national retailers, restaurants, hotels, and service-oriented businesses.
NATIONAL TENANT LINEUP | 81% OCCUPIED
Leased to T-Mobile, Jersey Mike’s, Wingstop, and McAlister’s Deli, with all occupied tenants operating under triple-net leases and most include scheduled rent increases.
LONG-TERM LEASES WITH ESTABLISHED RESTAURANT OPERATORS
Jersey Mike’s, Wingstop, and McAlister’s Deli have lease terms extending through 2035, 2036, and 2034, respectively, providing significant remaining term across the restaurant tenancy.
IMMEDIATE LEASE-UP UPSIDE | 8.66% PRO FORMA CAP RATE
A 1,961-square-foot vacancy provides immediate value-add potential.
NEWER 2022 CONSTRUCTION | McALISTER’S DELI DRIVE-THROUGH
Modern 2022 construction featuring a McAlister’s Deli drive-through, contemporary design, and limited near-term capital requirements.
STRATEGIC OUTPARCEL POSITION in MCALESTER’S PRIMARY RETAIL & HIGHWAY CORRIDOR | 1.0M+ ESTIMATED ANNUAL VISITS
Prominently positioned within McAlester’s primary retail destination near US Highway 69, surrounded by national retailers including Hobby Lobby, TJ Maxx, Ross, Five Below, Ollie’s, Bealls, which together generated more than 1.0 million estimated annual visits. The location benefits from strong visibility, convenient highway access, and significant regional consumer traffic.
ADJACENT STARBUCKS & GLO TANNING OFFERING | ACQUIRE TOGETHER OR SEPARATELY
The adjacent 2022-built property features a corporate Starbucks with drive-through and Glo Tanning and is also available, allowing investors to acquire either property individually or both together.
BILLBOARD IS NOT A PART
The existing billboard is not included in the offering and is subject to a long-term lease and easement agreement.
