Current Use by Public Records
- Lifestyle centers
Property Details for 1911 Washington St
- Year built
- 2004
- Lot size
- 1.86 lot acres
- 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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Idabel
- County
- McCurtain
- State
- Oklahoma
- Longitude
- -94.8039
- Latitude
- 33.8958
