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10-Year Net Lease | 10% Rent Increases 1000 W Gentry Ave 20,590 SF 100% Leased Retail Building Online Auction Sale Checotah, OK 74426
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Investment Highlights
- 1000 W Gentry Avenue is a 20,590-square-foot general retail building fully occupied on a new 10-year lease by reputable tenant, Bealls.
- Compelling opportunity for a durable, in-place cash stream with predictable growth through contractual rent escalations and multiple renewal options.
- Well-established in an energetic, synergistic retail hub, benefiting from heavy co-traffic from nearby businesses, including McDonald’s and Atwoods.
- Exceptional positioning by Walmart Supercenter on US 266, the main arterial route in Checotah, just off the US 69 exit, with exposure to 8,000 VPD.
- Favorable terms with minimal landlord responsibilities due to the double net (NN) lease structure, with most property expenses paid for by the tenant.
- Passive Income Opportunity with 10% Rent Increases.
Executive Summary
Savills is pleased to offer a single-tenant net-leased Bealls, one of the nation's largest private department store chains with over 650 locations across the country, located at 1000 W Gentry Avenue.
Situated next door to the shadow anchor Walmart Supercenter, this 20,590-square-foot space is just off the busy W Gentry Avenue, the main thoroughfare of Checotah, Oklahoma, seeing 8,000 vehicles per day (VPD). Bealls just signed a new, over-10-year lease, committing to the site through January 2036. There is a 10% rental escalation that will take effect on February 1, 2030. Bealls has opted to retain five, five-year options, each with continuing 10% rental escalations. The lease is on a NN+ basis, with the majority of property expenses paid by the tenant.
1000 W Gentry Avenue recently 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.
Bealls is surrounded by heavily trafficked businesses, such as Atwoods, McDonald's, Taco Bell, O'Reilly Auto Parts, and Dollar Tree. In addition, Mudslingers Coffee leases a 200-square-foot pop-up building in the Bealls parking lot. 1000 W Gentry Avenue is strategically located alongside the intersection of Interstate 40 and US 69, only 0.3 miles off the US 69 exit, bringing steady traffic to the business and the surrounding area. The location is easily accessible to out-of-state visitors, with Tulsa International Airport (TUL) only 50 miles away.
Property tours are by appointment only. Please contact the listing broker to schedule.
Situated next door to the shadow anchor Walmart Supercenter, this 20,590-square-foot space is just off the busy W Gentry Avenue, the main thoroughfare of Checotah, Oklahoma, seeing 8,000 vehicles per day (VPD). Bealls just signed a new, over-10-year lease, committing to the site through January 2036. There is a 10% rental escalation that will take effect on February 1, 2030. Bealls has opted to retain five, five-year options, each with continuing 10% rental escalations. The lease is on a NN+ basis, with the majority of property expenses paid by the tenant.
1000 W Gentry Avenue recently 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.
Bealls is surrounded by heavily trafficked businesses, such as Atwoods, McDonald's, Taco Bell, O'Reilly Auto Parts, and Dollar Tree. In addition, Mudslingers Coffee leases a 200-square-foot pop-up building in the Bealls parking lot. 1000 W Gentry Avenue is strategically located alongside the intersection of Interstate 40 and US 69, only 0.3 miles off the US 69 exit, bringing steady traffic to the business and the surrounding area. The location is easily accessible to out-of-state visitors, with Tulsa International Airport (TUL) only 50 miles away.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Offering Memorandum Click Here to Access
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- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
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
Parcel Number
0000-32-12N-17E-3-007-00
Parking
104 Spaces (5.05 Spaces per 1,000 SF Leased)
Frontage
359’ on West Gentry Avenue
Amenities
- Security System
- Signalized Intersection
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
2,536
3,547
5,389
2020 Population
2,709
3,686
5,345
2030 Population
2,545
3,582
5,499
2025-2030 Projected Population Growth
0.3%
1.0%
2.0%
Daytime Employees
1,916
2,332
2,460
Total Businesses
260
324
350
Average Household Income
$50,938
$52,360
$55,856
Median Household Income
$37,297
$37,738
$39,843
Total Consumer Spending
$24.1M
$34.7M
$56.5M
Median Age
40.0
42.0
45.6
2025 Households
1,021
1,437
2,252
Percent College Degree or Above
8%
7%
6%
Average Home Value
$136,698
$146,653
$166,264
Nearby Major Retailers
Sale Advisor
Sale Advisor
Addison Williams, Managing Director
Addison has extensive experience as an investment sales broker who specializes in the marketing, disposition, and acquisition of income-producing real estate throughout the United States. He represents a wide range of private and institutional clients, providing advisory and execution across office, industrial, retail, and alternative asset classes.
Addison brings a comprehensive understanding of capital markets and a client-first approach to every engagement. He advises owners, operators, and investors on investment and growth strategies that include sale leasebacks, portfolio optimization, equity placement, recapitalizations, and expansion planning. Addison delivers creative solutions that help his clients realize the full potential of their real estate holdings.
Before joining Savills in 2025, Addison spent eight years with CBRE, where he was a member of the firm’s Net Lease Property Group. In 2023, he was honored with CBRE’s Rising Star Award in recognition of exceptional performance and dedication to client success.
Addison brings a comprehensive understanding of capital markets and a client-first approach to every engagement. He advises owners, operators, and investors on investment and growth strategies that include sale leasebacks, portfolio optimization, equity placement, recapitalizations, and expansion planning. Addison delivers creative solutions that help his clients realize the full potential of their real estate holdings.
Before joining Savills in 2025, Addison spent eight years with CBRE, where he was a member of the firm’s Net Lease Property Group. In 2023, he was honored with CBRE’s Rising Star Award in recognition of exceptional performance and dedication to client success.
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Auction Contact
Jameson Kuykendall
Contact
Auctioneer License:
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
10-Year Net Lease | 10% Rent Increases | 1000 W Gentry Ave
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10-Year Net Lease | 10% Rent Increases | 1000 W Gentry Ave
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