Situated next door to a Walmart Supercenter, this 20,590 square foot space is just off the busy W Gentry Ave, the main thoroughfare of Checotah, OK, seeing over 15,000 vehicles per day. Bealls just signed a new 10+ year lease, committing to the site through January 2036. There is a 10% rental escalation taking effect on February 1, 2030. Bealls has opted to retain five 5-year options, each with continuing 10% rental escalations.
The property just underwent a full renovation, including a new storefront, updated HVAC equipment, upgraded electrical and plumbing, and modern tenant finishes.
The parking lot has also been resurfaced and striped.
The lease is on a NN+ basis, whereby the majority of property expenses are paid for by Tenant