For Sale
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Hair Salon
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Mobile Phone Store Electronics & Wireless Store
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Car Dealership
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Government Office
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Real Estate Agency
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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