1911 Washington St Idabel, OK 74745

Property Details for 1911 Washington St

Year built

2004

Lot size

1.86 lot acres

Property size

19,515 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 19,515-square-foot, multi-tenant retail shopping center in Idabel, Oklahoma. The property boasts a 100% occupancy rate with five national tenants, including Dollar Tree and Hibbett Sports, under triple-net (NNN) leases. The strong tenant base features a mix of established businesses, with 93% of the gross leasable area (GLA) occupied for 15 or more years. Built in 2004, the single-building center sits on a 1.86-acre lot with ample parking. A new roof was installed in 2018, offering a long-term warranty. The property benefits from a high-traffic location on Washington Street, exceeding 10,031 vehicles per day, and is shadow-anchored by a Walmart Supercenter. Nearby national and regional retailers further enhance the property's visibility and draw. The center's strong financial performance is reflected in its 7.06% cap rate and a net operating income (NOI) of $235,351. The asking price is $3,335,000, or $170.89 per square foot. The 10-mile population is approximately 15,535, with an average household income of $54,604. This stabilized investment offers a compelling combination of strong tenancy, high traffic counts, and a desirable location in a growing market.

Location Insight

City

Idabel

County

McCurtain

State

Oklahoma

Longitude

-94.8039

Latitude

33.8958