2510 Main St Durant, OK 74701-4822

Property Details for 2510 Main St

Year built

1965

Lot size

0.27 lot acres

Property size

810 SF

Property type

Office buildings

APN

A399-25-06S-08E-4-036-00

APU

A3992506S08E403600

Description

This exceptional investment opportunity presents a brand-new, 3,423 square foot retail center in Durant, Oklahoma, built in 2023. The property boasts a 6.25% cap rate and a strong net operating income (NOI) of $91,757, supported by two national tenants, T-Mobile and Sport Clips, each recently signed to long-term leases with attractive rent increases. Located on a 0.27-acre lot at 2510 W Main St, this fee-simple property enjoys excellent visibility and accessibility, situated in a high-traffic retail corridor near major retailers like Walmart, Lowe's, and Harbor Freight, as well as several schools and universities. The property benefits from its location on W Main Street, experiencing over 17,000 vehicles per day, and proximity to State Highway 75 with 35,000 vehicles per day. Durant's status as the capital of the Choctaw Nation, with over 5,400 employees and significant tourism from Lake Texoma and the Choctaw Casino Resort (adding 20,000+ to the daytime population), further enhances the property's investment potential. The asking price is $1,468,112, translating to $428.90 per square foot. This is a rare opportunity to acquire a high-performing, net-leased retail property with exceptional long-term growth prospects in a thriving Oklahoma market. The property is 100% occupied.

Location Insight

City

Durant

County

Bryan

State

Oklahoma

Longitude

-96.4088

Latitude

33.9994

CBSA code

20460

CBSA name

DURANT, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments