Dollar Tree Retail Center - Idabel, OK 1911 SE Washington St 19,515 SF 100% Leased Retail Building Idabel, OK 74745 $3,214,388 ($164.71/SF) 7.75% Cap Rate

SHOP Companies is pleased to present the opportunity to acquire a fully leased, 19,515-square-foot, five-tenant shopping center situated on 1.86 acres in Idabel, Oklahoma. The property is strategically shadow-anchored by a Walmart Supercenter, which serves as the primary destination for essential goods in the region and attracts over 1.7 million visitors annually. The center is 100% leased to a strong mix of nationally recognized tenants, including Dollar Tree, Hibbett Sports, CATO, Edward Jones, and U.S. Cellular. Notably, over 90% of the gross leasable area has been occupied for more than 15 years, reflecting long-term tenant commitment and the overall stability of the asset. With an average rent of $12.77 PSF NNN, the property offers market-aligned rates that support continued occupancy and income growth.
The shopping center is located in a high-traffic retail corridor just one minute east of the Choctaw Casino, one of the area’s largest entertainment and gaming attractions. It also benefits from proximity to Broken Bow, a booming vacation destination located just 20 minutes to the north. Broken Bow attracts over 2 million visitors annually, drawing consistent tourism from the Dallas–Fort Worth metroplex, Oklahoma City, Tulsa, and other surrounding cities in the region. As the last major city travelers from the Dallas–Fort Worth metroplex pass through on their way to Broken Bow, Idabel serves as a critical stop for regional tourism traffic. Surrounding national retailers, including Walmart, Taco Bell, Sonic Drive-In, Tractor Supply Co., and Harbor Freight, further enhance the area’s retail synergy and consumer draw. With a population of over 15,000 within a 10-mile radius, the property is well-positioned to capture local and regional retail demand.
Idabel, the county seat of McCurtain County, is currently experiencing economic revitalization and community growth. As of 2023, the city has a population of approximately 6,971 residents and has maintained a steady population base over the past decade, indicating a stable and engaged community. The local economy is diverse and resilient, driven by key sectors such as manufacturing, healthcare, and retail. Manufacturing provides a significant portion of local employment, while healthcare services contribute substantially to the regional economy. Retail sales per capita remain strong, signaling robust consumer activity.