Investment Overview

Shops at McAlester – Starbucks & Glo Tanning is a newer-construction, 5,203- square-foot retail property situated on approximately 0.8 acres. The property is 100 percent leased to Starbucks (2,200 SF) and Glo Tanning (3,003 SF) under triple-net leases, providing limited landlord responsibilities and significant remaining lease term. Starbucks features a drive-through and a corporate-guaranteed lease through February 2032, while Glo Tanning is leased through January 2036. The adjacent Shops at McAlester strip center is also being marketed for sale and includes McAlister’s Deli, Jersey Mike’s, Wingstop, T-Mobile, and one vacant suite (1,961 SF). The two properties may be acquired individually or together, providing investors with flexibility in acquisition size and the opportunity to control a larger portion of this established retail node. Shops at McAlester is strategically located along Tanglewood Drive near US Highway 69, one of the primary commercial corridors serving McAlester and the surrounding southeastern Oklahoma trade area. The property benefits from convenient regional access, strong visibility, and proximity to a dense concentration of national retailers, restaurants, hotels, and service-oriented businesses. The subject property occupies an outparcel position within the Shops at McAlester retail environment, where surrounding retailers include Hobby Lobby, TJ Maxx, Ross Dress for Less, Five Below, Ollie’s Bargain Outlet, Bealls, and Chick-fil-A. The strength of this retail concentration is demonstrated by more than 1.0 million estimated annual visits across six of the power center's major retailers. Starbucks itself generated approximately 350,600 estimated visits during the trailing 12 months and ranked eighth among 87 Starbucks locations measured in Oklahoma. McAlester also serves as an important regional employment and commercial hub for southeastern Oklahoma. Major employment drivers include the McAlester Army Ammunition Plant, McAlester Regional Health Center, McAlester Public Schools, Walmart, the City of McAlester, Pittsburg County government, and Oklahoma State Penitentiary. These employers support a substantial daytime population and help draw consumers from beyond the immediate residential population surrounding the property.