Outparcel Strip Center with
For Sale
$2,330,145
1321 Tanglewood Dr, McAlester, OK 74501
Fully leased retail asset with two tenants and triple-net lease structure.
Property Size5,203 SF
Price / SF$447.85
Days on Market9
Property Features for 1321 Tanglewood Dr
General Information
Standard status
Active
Size
5,203 SF
Property subtype
Shopping Strip
Amenities
Corporate Starbucks-Anchored Investment
Strong Starbucks Performance | 350K+ Annual Visits
100% Occupied | Long-Term NNN Leases
Newer 2022 Construction with Drive-Thru
Strategic Outparcel Position in McAlester's Primary Retail & Highway Corridor
Adjacent Retail Offering | Acquire Together or Separately
Building Details
Building Size
5,203 SF
Year Built
2022
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 30
Last Checked: Aug 30 at 7:11AM
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.
Built in 2022, this 5,203-square-foot retail strip center occupies approximately 0.8 acres at an outparcel position within the Shops at McAlester retail environment. The building is divided between a 2,200-square-foot Starbucks suite and a 3,003-square-foot Glo Tanning suite, with the Starbucks space including a drive-through. Both occupants lease on a triple-net basis, and the property is fully leased.
The site is located on Tanglewood Drive near US Highway 69 in McAlester, providing access to a commercial corridor serving the surrounding southeastern Oklahoma trade area. Nearby retailers and restaurants include Hobby Lobby, TJ Maxx, Ross Dress for Less, Five Below, Ollie’s Bargain Outlet, Bealls, and Chick-fil-A. The adjacent Shops at McAlester center includes McAlister’s Deli, Jersey Mike’s, Wingstop, T-Mobile, and a vacant suite, and may be purchased separately or with this property.
The site is located on Tanglewood Drive near US Highway 69 in McAlester, providing access to a commercial corridor serving the surrounding southeastern Oklahoma trade area. Nearby retailers and restaurants include Hobby Lobby, TJ Maxx, Ross Dress for Less, Five Below, Ollie’s Bargain Outlet, Bealls, and Chick-fil-A. The adjacent Shops at McAlester center includes McAlister’s Deli, Jersey Mike’s, Wingstop, T-Mobile, and a vacant suite, and may be purchased separately or with this property.
Key Highlights
- 5,203‑square‑foot retail strip center on approximately 0.8 acres
- 100 percent leased to Starbucks and Glo Tanning
- Triple‑net leases with Starbucks through February 2032 and Glo Tanning through January 2036
Property Analytics
Current Use
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 - Fully leased retail asset with two tenants and triple-net lease structure.
Where is this strip mall located?
The property is located at 1321 Tanglewood Dr McAlester, OK.
What is the asking price?
The asking price for this property is $2,330,145.
What are key features of this property?
This property features: 5,203‑square‑foot retail strip center on approximately 0.8 acres; 100 percent leased to Starbucks and Glo Tanning; Triple‑net leases with Starbucks through February 2032 and Glo Tanning through January 2036
