NNN Shopping
For Sale
Contact for pricing
1805-1829 S Wood Dr, Okmulgee, OK 74447
Fully occupied retail center with multiple established tenants, convenient access, and on-site parking.
Property Size20,314 SF
Price / SF$196.91
Days on Market64
Property Features for 1805-1829 S Wood Dr
General Information
Standard status
Active
Size
20,314 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$279,976
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
Colliers - Dallas, Texas
Listed By:
Geoff Ficke · License #TX 0593051
(972) 759-7814
Source:
Crexi
Added: Aug 14
Changed: Oct 13
Last Checked: Oct 14 at 10:12PM
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 Colliers - Dallas, Texas
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Okmulgee Retail Center is a 20,314-square-foot shopping center constructed in 2004 on a +/- 1.5-acre parcel. The property is 100% occupied by Dollar Tree, CATO, Verizon, Spring Dental, and Great Clips, with all tenants operating under NNN leases. The fee simple asset includes ample parking and is positioned near the signalized intersection of S Wood Drive and S Creek Ave.
The center is located at 1805-1829 S Wood Dr in Okmulgee, Oklahoma, with access from S Wood Drive. A Walmart Supercenter serves as the shadow anchor, while nearby retailers and businesses include Harbor Freight, Hibbett Sports, McDonalds, Taco Bell, Starbucks, Murphy USA, Sherwin Williams, and Walgreens.
The center is located at 1805-1829 S Wood Dr in Okmulgee, Oklahoma, with access from S Wood Drive. A Walmart Supercenter serves as the shadow anchor, while nearby retailers and businesses include Harbor Freight, Hibbett Sports, McDonalds, Taco Bell, Starbucks, Murphy USA, Sherwin Williams, and Walgreens.
Key Highlights
- 20,314‑square‑foot shopping center constructed in 2004
- 100% occupied by Dollar Tree, CATO, Verizon, Spring Dental, and Great Clips
- All tenants operate under NNN leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,559
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,491,180
$4.5M
Cap Rate 7%
$3,207,986
$3.2M
Cap Rate 9%
$2,495,100
$2.5M
Market Conditions
NOI Build-Up for 20,314 SF
Gross rent
$341.3K $16.80/SF
− Vacancy
−$20.5K −$1.01/SF
EGI
$320.8K $15.79/SF
− OpEx
−$96.2K −$4.74/SF
NOI
$224.6K $11.05/SF
Area
Okmulgee County, OK
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,491,180
Cap Rate 7%
$3,207,986
Cap Rate 9%
$2,495,100
Alternative Uses
Best Use
Retail
$3.21M
$2.81M – $3.74M
NOI $224,559 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.79M
$4.19M – $5.59M
NOI $335,425 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 74447, OK
15,534
Population
7,295
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
231.8 sq mi
ZIP Area
67
Density / Sq Mi
$45,855
Median Household Income
$30,851
Median Earnings
$801
Median Rent
$101,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- 2000 Center — 2000 Shopping Center, 2000 S Wood Dr, Okmulgee, OK 74447
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with multiple established tenants, convenient access, and on-site parking.
Where is this shopping center located?
The property is located at 1805-1829 S Wood Dr Okmulgee, OK.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 20,314‑square‑foot shopping center constructed in 2004; 100% occupied by Dollar Tree, CATO, Verizon, Spring Dental, and Great Clips; All tenants operate under NNN leases
