Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100 percent fee simple interest in a newly renovated, multi-tenant retail center located at 14-26 E Shawnee in Muskogee, Oklahoma. This ±13,650 square-foot property offers a compelling investment profile with public-sector tenancy, recent capital improvements, and a strong in-place yield. The center is currently 82 percent occupied with a tenant mix anchored by the Eastern Oklahoma Library, which occupies 63 percent of the gross leasable area on a recent 5-year renewal through 2030. Additional tenants include Gold & Silver and the Muskogee Tourism Authority, both with new leases in 2025. Two suites are currently vacant, providing immediate upside through lease-up. Both the library and tourism authority operate as non-profits which allows for a real estate tax exemption on their portion of the building. This provides a 72 percent discount on real estate taxes. Originally built in 1970, the property has undergone extensive renovations in recent years, including Six brand new HVAC systems (2025), roof (2022), and parking lot reseal/restripe (2025) — leaving no deferred maintenance. With a stable tenant base and an 8.58% capitalization rate based on in-place income, this offering presents an attractive opportunity to acquire a recently improved retail asset in a growing regional market. Strategically positioned on Shawnee Bypass (27,000+ VPD), the property benefits from excellent visibility and direct access to one of Muskogee’s primary commercial corridors, boasting strong daily traffic and proximity to national retailers such as Walmart, Lowe’s, and Adli’s. The property is shadow-anchored by Bomgaars, a regional farm and home retailer. The area is supported by stable local government employment and a regional customer base extending across eastern Oklahoma. Muskogee has secured the top position in Oklahoma for capital investment in 2024, ranking #1 in the state with over $4.1 billion in announced projects, according to the Oklahoma Department of Commerce’s New Growth + Expansions Report — signaling robust economic momentum and long-term viability. The property is offered free and clear of debt at a purchase price of $810,000.