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1000 W Gentry Ave 20,590 SF Retail Building Checotah, OK 74426 $1,948,850 ($94.65/SF) 8.61% Cap Rate
Executive Summary
Corporate Backed Lease
Lease backed by Bealls Inc. — founded 1915, family-owned, 660+ stores across 22 states, with 25 new stores planned for 2026-2027.
Contractual Rent Growth
A 10% increase on February 1, 2031 lifts Bealls base rent from $153,396 to $168,736, stabilizing at a 9.4% cap rate.
Lake Eufaula – Tourist Traffic
Located near Lake Eufaula, Oklahoma's largest lake at 102,000 acres — state park 14 miles southwest, plus the Carlton Landing resort town.
Established Retail Node
Positioned alongside Walmart Supercenter, Dollar Tree, and O'Reilly Auto Parts at the I-40 / US-69 interchange — the dominant retail corridor in McIntosh County.
Immediate Yield
An 8.61% going-in cap rate delivers $167,796 of in-place income from close.
Outparcel Income
Mudslingers Coffee is on a ground lease in the parking lot — 10+ locations throughout the Southeast and the only drive-thru coffee option in Checotah.
Lease backed by Bealls Inc. — founded 1915, family-owned, 660+ stores across 22 states, with 25 new stores planned for 2026-2027.
Contractual Rent Growth
A 10% increase on February 1, 2031 lifts Bealls base rent from $153,396 to $168,736, stabilizing at a 9.4% cap rate.
Lake Eufaula – Tourist Traffic
Located near Lake Eufaula, Oklahoma's largest lake at 102,000 acres — state park 14 miles southwest, plus the Carlton Landing resort town.
Established Retail Node
Positioned alongside Walmart Supercenter, Dollar Tree, and O'Reilly Auto Parts at the I-40 / US-69 interchange — the dominant retail corridor in McIntosh County.
Immediate Yield
An 8.61% going-in cap rate delivers $167,796 of in-place income from close.
Outparcel Income
Mudslingers Coffee is on a ground lease in the parking lot — 10+ locations throughout the Southeast and the only drive-thru coffee option in Checotah.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
20,590 SF
Building Class
C
Year Built/Renovated
1985/2024
Price
$1,948,850
Price Per SF
$94.65
Cap Rate
8.61%
NOI
$167,796
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)
Frontage
359’ on West Gentry Avenue
Amenities
- Security System
- Signalized Intersection
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Bealls began in 1915 as the Dollar Limit store in Florida and later grew into a family-owned retail company. The business expanded through renamed stores and now operates under the bealls, Bealls Florida, and Home Centric banners, with an emphasis on off-price merchandise for apparel, footwear, accessories, and home goods. Bealls has remained within the founding family and continues to serve customers through store and online channels across a broad retail footprint.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
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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