1000 W Gentry Ave - Retail FOR SALE


Checotah, OK 74426
$2,289,485 USD
248-351-2005
1000 W Gentry Ave, Checotah, OK for Sale
$2,289,485 USD
Retail - FOR SALE
1/5
null | 7% Cap Rate

1000 W Gentry Ave
Checotah, OK 74426


HIGHLIGHTS

  • Dedication to the site: Bealls recently exercised a new 10-year lease
  • 10% rental escalation in February 2030
  • Full renovation in 2024: new storefront, HVAC, electrical, plumbing, Tenant finishes, parking lot

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,289,485 USD

PRICE/SF

$111 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

104

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

-

APN/PARCEL ID

0000-32-12N-17E-3-007-00

ASK ABOUT THIS PROPERTY

248-351-2005

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248-351-2005

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