1100 N Main St - Retail FOR SALE


Altus, OK 73521
$5,000,000 USD
405-657-7800
1100 N Main St, Altus, OK for Sale
$5,000,000 USD
Retail - FOR SALE
1/8
null | 9.8% Cap Rate

1100 N Main St
Altus, OK 73521


HIGHLIGHTS

  • Excellent value-add investment opportunity with significant upside potential.
  • Shopping center is strategically situated on 8.36 acres and anchored by a newly opened Dunham's Sports

OVERVIEW

Altus Plaza presents an excellent value-add investment opportunity with significant upside potential. This 121,124 sq ft shopping center is strategically situated on 8.36 acres and anchored by a newly opened Dunham's Sports, enhancing the center's attractiveness and foot traffic. The tenant mix includes prominent national brands such as Family Dollar, Rent-A-Center, and US Cellular, complemented by diverse regional and local retailers. The property offers immediate upside potential, with select inline suites ready for leasing or market-rate adjustments, providing investors an excellent opportunity to enhance NOI through strategic leasing initiatives. Altus Plaza currently generates a strong annual NOI of approximately $490,129 at an attractive cap rate of 9.8%. This offering represents an outstanding opportunity to acquire a strategically located retail center with immediate value-enhancement potential. Please sign CA to view OM: https://www.retailoklahoma.net/nda/

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$41 USD /SF

CAP RATE

9.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Altus Plaza

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

LAND ACRES

8.36 AC

LAND SF

364,162 SF

ZONING

-

APN/PARCEL ID

0010-00-006-026-0-000-00

ASK ABOUT THIS PROPERTY

George WilliamsPrice Edwards & CompanyMore Info
405-657-7800

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George WilliamsPrice Edwards & CompanyMore Info
405-657-7800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.