1911 SE Washington St - Freestanding FOR SALE


Idabel, OK 74745
$3,177,522 USD
918-384-9604
1911 SE Washington St, Idabel, OK for Sale
$3,177,522 USD
Freestanding - FOR SALE
1/17
null | 7.75% Cap Rate

1911 SE Washington St
Idabel, OK 74745


HIGHLIGHTS

  • Fully leased, Five-Tenant Strip Center with NNN Leases
  • Shadow-Anchored by Walmart Supercenter, Attracting over 1.7 Million Annual Visits
  • Strong Tenant Mix, including National Brands like Dollar Tree (NASDAQ: DLTR)
  • Dollar Tree Recently Signed a Five-Year Early Lease Extension
  • Over 90% of GLA has been occupied for 15+ Years, Demonstrating Long-Term Tenant Commitment
  • Idabel is the Last Major City Dallas–Fort Worth Travelers Pass Through on Their Way to Broken Bow, Located just 20 Minutes to the North

OVERVIEW

SHOP Companies is pleased to present the opportunity to acquire a fully leased, 19,515-square-foot, five-tenant shopping center situated on 1.86 acres in Idabel, Oklahoma. The property is strategically shadow-anchored by a Walmart Supercenter, which serves as the primary destination for essential goods in the region and attracts over 1.7 million visitors annually. The center is 100% leased to a strong mix of nationally recognized tenants, including Dollar Tree, Hibbett Sports, CATO, Edward Jones, and U.S. Cellular. Notably, over 90% of the gross leasable area has been occupied for more than 15 years, reflecting long-term tenant commitment and the overall stability of the asset. With an average rent of $12.62 PSF NNN, the property offers market-aligned rates that support continued occupancy and income growth. The shopping center is located in a high-traffic retail corridor just one minute east of the Choctaw Casino, one of the area’s largest entertainment and gaming attractions. It also benefits from proximity to Broken Bow, a booming vacation destination located just 20 minutes to the north. Broken Bow attracts over 2 million visitors annually, drawing consistent tourism from the Dallas–Fort Worth metroplex, Oklahoma City, Tulsa, and other surrounding cities in the region. As the last major city travelers from the Dallas–Fort Worth metroplex pass through on their way to Broken Bow, Idabel serves as a critical stop for regional tourism traffic. Surrounding national retailers, including Walmart, Taco Bell, Sonic Drive-In, Tractor Supply Co., and Harbor Freight, further enhance the area’s retail synergy and consumer draw. With a population of over 15,000 within a 10-mile radius, the property is well-positioned to capture local and regional retail demand. Idabel, the county seat of McCurtain County, is currently experiencing economic revitalization and community growth. As of 2023, the city has a population of approximately 6,971 residents and has maintained a steady population base over the past decade, indicating a stable and engaged community. The local economy is diverse and resilient, driven by key sectors such as manufacturing, healthcare, and retail. Manufacturing provides a significant portion of local employment, while healthcare services contribute substantially to the regional economy. Retail sales per capita remain strong, signaling robust consumer activity.

FOR SALE DETAILS

PRICE

$3,177,522 USD

PRICE/SF

$163 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree Retail Center - Idabel, OK

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

Commercial

APN/PARCEL ID

1399-33-07S-24E-3-019-00

ASK ABOUT THIS PROPERTY

Matt MaguireSHOP CompaniesMore Info
918-384-9604

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Matt MaguireSHOP CompaniesMore Info
918-384-9604

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