Investment Overview

Shops at McAlester is a newer-construction, 10,461-square-foot multi-tenant retail center situated on approximately 1.23 acres. Completed in 2022, the property is leased to T-Mobile, Jersey Mike’s, Wingstop, and McAlister’s Deli under triple-net leases with scheduled rent increases and renewal options. The center is currently 81 percent occupied, with a 1,961-square-foot vacant suite providing an opportunity to increase NOI upon stabilization. McAlister’s Deli features a drive-through, further enhancing the center’s convenienceoriented tenant mix. The adjacent 100-percent-occupied Starbucks & Glo Tanning property is being offered concurrently, providing investors the opportunity to acquire either property individually or both together. 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.