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1000 W Gentry Ave
Checotah, OK 74426
Retail Property For Sale
Investment Highlights
- Dedication to the site: Bealls recently exercised a new 10-year lease
- 10% rental escalation in February 2030
- Full renovation in 2024: new storefront, HVAC, electrical, plumbing, Tenant finishes, parking lot
- Prime Location: Located next door to a Walmart Supercenter along the main thoroughfare of the city seeing over 15,000 vehicles per day
- 20,590 SF multi-purpose space
- NN+ lease: minimal Landlord responsibilities
Executive Summary
Savills is pleased to offer for sale a single tenant net leased Bealls, one of the nation’s largest private department store chains with over 650 locations around the country. Situated next door to a Walmart Supercenter, this 20,590 square foot space is just off the busy W Gentry Ave, the main thoroughfare of Checotah, ve, the main thoroughfare of Checotah, OOK, seeing over 15,000 vehicles per day. K, seeing over 15,000 vehicles per day. Bealls just signed a new 10+ year lease, committing to the site through January 2036. There is a 10% rental escalation taking effect on February 1, 2030. Bealls has opted to retain five 5-year options, each with continuing 10% rental escalations. The property just underwent a full renovation, including a new storefront, updated HVAC equipment, upgraded electrical and plumbing, and modern tenant finishes. The parking lot has also been resurfaced and striped. The lease is on a NN+ basis, whereby the majority of property expenses are paid for by Tenant. Mudslingers Coffee leases a 200 square foot pop-up building in the Bealls parking lot.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
20,590 SF
Building Class
C
Year Built/Renovated
1985/2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.98 AC
Opportunity Zone
Yes
Parking
104 Spaces (5.05 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signalized Intersection
- Air Conditioning
Property Taxes
| Parcel Number | 0000-32-12N-17E-3-007-00 | Improvements Assessment | $111,894 |
| Land Assessment | $38,028 | Total Assessment | $149,922 |
Property Taxes
Parcel Number
0000-32-12N-17E-3-007-00
Land Assessment
$38,028
Improvements Assessment
$111,894
Total Assessment
$149,922
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