Multi-Tenant Retail Strip
For Sale
$3,082,103
1305 Tanglewood Dr, McAlester, OK 74501
Recently completed center with national and regional tenants, triple-net leases, a drive-through, and an available suite.
Property Size10,461 SF
Lot Size1.23 Acres
Price / SF$294.63
Days on Market8
Property Features for 1305 Tanglewood Dr
General Information
Standard status
Active
Size
10,461 SF
Lot size
1.23 Acres
Property subtype
Shopping Strip
Occupancy
81%
Additional Details
Cap Rate
6.8%
Drive-Thru
Yes
Amenities
National Tenant Lineup
Long-term Leases with Established Restaurant Operators
Immediate Lease-up Upside
Strategic Outparcel Position in McALester's Primary Retail & Highway Corridor
Adjacent to Starbucks & Glo Tanning Offering (Activity ID ZAH0160162)
Building Details
Building Size
10,461 SF
Year Built
2022
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Austin
(512) 338-7821
Listed By:
Coleman Solomon · License #License(s): TX: 742798
(512) 338-7821
Source:
Marcusmillichap
Added: Aug 22
Changed: Aug 28
Last Checked: Aug 28 at 3:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
Completed in 2022, this 10,461-square-foot retail center occupies approximately 1.23 acres and includes multiple tenant suites. T-Mobile, Jersey Mike’s, Wingstop, and McAlister’s Deli occupy the property under triple-net leases that include scheduled rent increases and renewal options. The center is 81 percent occupied, with a 1,961-square-foot vacant suite. McAlister’s Deli also includes a drive-through.
The property is positioned along Tanglewood Drive near US Highway 69 in McAlester, within the Shops at McAlester retail environment. Nearby retailers include Hobby Lobby, TJ Maxx, Ross Dress for Less, Five Below, Ollie’s Bargain Outlet, Bealls, and Chick-fil-A. The surrounding employment base includes the McAlester Army Ammunition Plant, McAlester Regional Health Center, McAlester Public Schools, Walmart, the City of McAlester, Pittsburg County government, and Oklahoma State Penitentiary.
The property is positioned along Tanglewood Drive near US Highway 69 in McAlester, within the Shops at McAlester retail environment. Nearby retailers include Hobby Lobby, TJ Maxx, Ross Dress for Less, Five Below, Ollie’s Bargain Outlet, Bealls, and Chick-fil-A. The surrounding employment base includes the McAlester Army Ammunition Plant, McAlester Regional Health Center, McAlester Public Schools, Walmart, the City of McAlester, Pittsburg County government, and Oklahoma State Penitentiary.
Key Highlights
- 10,461‑square‑foot multi‑tenant retail center completed in 2022
- Approximately 1.23 acres along Tanglewood Drive near US Highway 69
- 81 percent occupied with a 1,961‑square‑foot vacant suite
Property Analytics
Current Use
Lease Details
81%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
188k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Apparel 34%
Shops & Services 21%
Home Improvements & Furnishings 1%
Chick-fil-A
Dining
35,454 visits/mo
0.3 miles
T.J. Maxx
Apparel
25,443 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
19,808 visits/mo
0.3 miles
Steak 'n Shake
Dining
18,180 visits/mo
0.4 miles
Ross Dress for Less
Apparel
17,270 visits/mo
0.3 miles
Demographics for 74501, OK
28,566
Population
13,223
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
550.7 sq mi
ZIP Area
52
Density / Sq Mi
$55,430
Median Household Income
$38,814
Median Earnings
$907
Median Rent
$156,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Recently completed center with national and regional tenants, triple-net leases, a drive-through, and an available suite.
Where is this strip mall located?
The property is located at 1305 Tanglewood Dr McAlester, OK.
What is the asking price?
The asking price for this property is $3,082,103.
What are key features of this property?
This property features: 10,461‑square‑foot multi‑tenant retail center completed in 2022; Approximately 1.23 acres along Tanglewood Drive near US Highway 69; 81 percent occupied with a 1,961‑square‑foot vacant suite
