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Eastgate Shopping Center 2000 E Cherokee Ave 103,868 SF 67% Leased Retail Building Sallisaw, OK 74955 $7,585,000 ($73.03/SF) 8.38% Cap Rate
Investment Highlights
- National Tenants with Strong Brand Recognition
- Can Acquire Stabilized Portion, Lease-up, or Both
- Recent Renovations by Bealls & Ollie's
- Long-Term NNN Leases with Rent Increases
- Value-Add Leasing Opportunity with Immediate Upside
- Large 10.59-Acre Parcel With Strong Demographic Base
Executive Summary
Can Acquire Stabilized Portion, Lease-up, or Both - See OM or Contact Broker for More Information!
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
103,868 SF
Building Class
B
Year Built
1972
Price
$7,585,000
Price Per SF
$73.03
Cap Rate
8.38%
NOI
$635,768
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
10.59 AC
Opportunity Zone
Yes
Zoning
C1 - Commerical
Frontage
629’ on East Cherokee Avenue
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0000-04-011-024-0-104-00 | Improvements Assessment | $218,529 |
| Land Assessment | $27,478 | Total Assessment | $246,007 |
Property Taxes
Parcel Number
0000-04-011-024-0-104-00
Land Assessment
$27,478
Improvements Assessment
$218,529
Total Assessment
$246,007
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Contact the Sale Advisor
Eastgate Shopping Center | 2000 E Cherokee Ave