McAlester Shopping Center

McAlester, Oklahoma

Offering Summary

  • Status: active
  • Price: $12,855,000
  • CAP Rate: 7.50%
  • GLA: 97,509 SF
  • Net Operating Income: $964,039
  • Price/SF: $131.83
  • Year(s) Built: 2006
  • Lot Size (Acres): 10.07 Acres
  • Major Tenants: The Rustic Cabin, Shoe Dept, Dollar Tree, Hibbett Sports
  • 98% Occupied, 97,509 SF Walmart & Lowe’s Shadowed Shopping Center in McAlester, OK
  • Most Visited Shopping Center in a 50-Mile Radius with 616,000 T12 Month Visits from 145,000 Customers (Sources: Placer.AI)
  • Cheap/Replaceable $10.50/SF NNN Average Rent – Upside from Pushing Rents + Leasing 2,000 SF Vacancy
  • Shadow-Anchor WMT Supercenter = Top 10% in Chain Nationally and State-Wide with 2.32 Million T12 Month Customer Visits, #1 Store within 50 Miles (Source: Placer.AI)
  • Anchored by The Rustic Cabin Furniture & Décor (11/2025 Exp.), Shoe Show (11/2026 Exp.), & Dollar Tree (New 10-Year Extension)
  • Notable National Small-Shop Tenants Include Hibbett Sporting Goods, Cavender’s, Petsense, Rue21, and Bath & Body Works – Only Location for Each Tenant for 50+ Miles
  • Located Along US-69 (23,200 VPD) – Major North/South Highway Stretching 1,100 Miles from the Gulf of Mexico to Minnesota
  • Offers 10.6% Year 1 Cash-on-Cash Return and 15.5% 10-Year Leveraged IRR at Proposed 70% LTV Financing Terms
  • Just South of US-69/US-270 Interchange (35,800 VPD) – Most Heavily Trafficked Highway Interchange for 50+ Miles
  • Shadow-Anchor Lowe’s = Nearest Lowe’s is 75 Minutes (Ada, OK) and Nearest Home Depot is 90 Minutes (Oklahoma City MSA); Middle 50% of Lowe’s Nationally (Source: Placer.AI),
  • Primary Retail Destination for a 30+ Mile Radius – Serves a Massive 324 Square Mile Regional Trade Area (80% of Traffic, Source: Placer.AI)
  • McAlester is the County Seat of Pittsburg County & Principal City of the McAlester MSA; Additional Traffic Drawn to McAlester from 12+ Hotels (Major Brands), 4 New Auto Dealerships, and 149-Bed McAlester Regional Health Center
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director