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91 Sugarberry Trl Broken Bow, OK 74728

For Sale
$2,822,145

High-demand, 100% occupied retail center.

Property size:
8,600 SF

Description

Added:
Dec 11, 2024
Days on Market:
370
This exceptional investment opportunity presents a fully leased, multi-tenant retail center in Broken Bow, Oklahoma's thriving tourism hub. Boasting 8,600 square feet across two, single-story buildings on a 5.8-acre lot, the property features six tenants including national brands like Dollar General, Walgreens, and CVS Pharmacy, among others. Built in 2023, the center enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $197,550 and a 7.00% cap rate. The property is strategically located on Highway 259, providing high visibility and accessibility to the area's 2 million annual visitors. Individual units average $564,429, with a total asking price of $2,822,145. Leases are net (NN) with varying terms and rent bumps. The property is fee simple ownership and includes additional income from seasonal food trucks (not included in NOI). This prime retail space offers significant investment potential in a rapidly expanding market. The property's strong tenant mix, high occupancy, and prime location make it an attractive investment for discerning buyers seeking a stable, high-return asset in a booming tourist destination. The property consists of five units, with a price per square foot of $328.16.

Property Features for 91 Sugarberry Trl

General Information

Property type
Lifestyle centers
Square Feet
8,600 SF
Lot Size
252,648 SF

Building Details

Year Built
2023
Buildings
2
Stories
1
Units
5

HighLights

  • Rare Broken Bow multi‑tenant investment opportunity.
  • Broken Bow Lake area boasts rapid tourism growth, attracting over 2 million annual visitors.
  • Short‑term rental units have increased fivefold since 2018, from 600 to over 2,990.
  • 2023‑built property fully leased over a year before completion, addressing significant retail demand.
  • Strong tenant mix includes restaurant, candy shop, gift shop, and real estate company; contact agent for financial details.
  • Supplemental income generated from seasonal food trucks.
Property Profile Location Intelligence

Current Use by Public Records

Lifestyle centers

Suggested Use

Spa & Massage Clothing Store Auto Repair Shop Electrical Service Garden Center Home Appliance Store Tanning Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Broken Bow
County
McCurtain
State
Oklahoma
Longitude
-94.7695465
Latitude
34.1745605

FAQs

What type of property is this?
Lifestyle center - High-demand, 100% occupied retail center.
Where is this lifestyle center located?
The property is located at 91 Sugarberry Trl Broken Bow, OK.
What is the asking price?
The asking price for this property is $2,822,145.
What are key features of this property?
This property features: Rare Broken Bow multi-tenant investment opportunity.; Broken Bow Lake area boasts rapid tourism growth, attracting over 2 million annual visitors.; Short-term rental units have increased fivefold since 2018, from 600 to over 2,990.
More about this property
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