PORTFOLIO FOR SALE Troy Humphrey 405.219.7500 Anna Russell 405.626.0191 thumphrey@lrcre.com arussell@lrcre.com Land Run Commercial Real Estate Advisors 114 NW 6 th Street, Suite 206, Oklahoma City, OK 73120
Disclaimer The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the Advisor. Neither the Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.
Offering Summary Summary Sale Price: $10,900,000 Combined Cap: 8.47% Combined NOI: $924,014 Combined SF: 87,469 Markets: Durant, OK Seminole, OK Idabel, OK Property Overviews Magnolia Crossing (Durant, OK): New construction center with strong national, regional and local tenant mix. Highway frontage with a stop light. Fully Leased. Shoppes on the Creek (Seminole, OK): Two phases of new construction retail. Strong tenant mix of national, regional and local. Highway frontage with median cuts permitting two way access. Ideally situated along the main arterial between the city and Walmart. Washington Plaza (Idabel, OK): Redeveloped strip in the major retail hub of extreme southeast Oklahoma. 11,300 vehicles per day pass by this property on a hard corner with traffic lights. Situated between the town and Walmart. Strong national tenant mix. Fully leased.
Property Summary Magnolia Crossing, Durant, OK National vape retailer under construction Summary NOI: $364,758 Year Built: 2016 Property Size: 2 acres Building Size: 21,800 SF Traffic Count: 36,900/day Property Overview New construction shopping center located in Durant, OK (ranked as one of the fastest growing cities in the state). Highly visible and access to the highway with a traffic light in front of the property, this center has a strong mix of national, regional and local tenants (PetSense, Jimmy s Egg, Shoe Sensation, Firehouse Subs, Verizon, Vape and a nail salon). Market Overview A tourist destination with over 10 Million visitors each year largely due to Lake Texoma (the 12 th largest lake in the US) with world class fishing. Other economic drivers include the Choctaw Nation of Oklahoma, generating $570 million in revenue, employing over 6,000 people.
Aerial & Retailer Map Magnolia Crossing, Durant, OK
Demographic Summary Magnolia Crossing, Durant, OK 5 miles 10 miles 20 miles Census 2010 Summary Population 22,577 30,476 73,972 Households 8,909 11,967 29,876 Median Age 33.2 35.3 39.9 2018 Summary Population 24,257 33,024 79,585 Households 9,513 12,884 31,998 Median Age 34.5 36.5 41.3 Average Household Income $53,886 $56,055 $56,982 2023 Summary Population 25,196 34,449 83,024 Households 9,869 13,415 33,328 Median Age 35.6 37.7 42.4 Average Household Income $59,676 $63,144 $64,572
Property Summary Shoppes on the Creek, Seminole, OK Summary NOI: $412,440 Year Built: 2016 Building Size: 33,650 SF Property Overview Two phases of new construction retail available for purchase. Strong tenant mix: Phase 1 - Aaron's, Hibbett Sports, Pizza Hut, US Cellular, SuperCuts, Action Physical Therapy, Trojan Nutrition and Donut Shop; Phase 2 - Dollar Tree, Cricket Wireless. Traffic Count : 12,600/day Highway frontage with median cuts permitting two way access. Ideally situated along the main arterial between the city and Walmart. Market Highlights County seat of Seminole County Home to Seminole State College Regional draw for retail trade Seminole is 45 miles east of Oklahoma City
Aerial & Retailer Map Shoppes on the Creek, Seminole, OK Shoppes on the Creek Phase 2 Shoppes on the Creek Phase 1
Demographic Summary Shoppes on the Creek, Seminole, OK 5 miles 10 miles 20 miles Census 2010 Summary Population 10,386 17,405 87,384 Households 4,005 6,704 32,683 Median Age 36.5 38.7 37.2 2018 Summary Population 10,338 17,641 89,641 Households 3,924 6,706 33,363 Median Age 37.6 40.0 38.5 Average Household Income $52,672 $56,077 $56,194 2023 Summary Population 10,239 17,626 90,617 Households 3,868 6,673 33,684 Median Age 38.8 41.3 39.5 Average Household Income $56,659 $61,277 $62,749
Property Summary Washington Plaza, Idabel, OK Summary NOI: $167,760 Building Size: 32,019 SF Year Built: 1976 Renovated: 2008 Traffic Count: 4,800/day McCurtain County Tourism Visits: 1,000,000/year Property Overviews Washington Plaza (Idabel, OK): Redeveloped strip in the major retail hub of extreme southeast Oklahoma. 11,300 vehicles per day pass by this property on a hard corner with traffic lights. Directly south and east of the Choctaw Casino. Strong national tenant mix: Stage, Dollar General and Factory Connection. Idabel Gymnastics occupies a small suite in the rear of the building. Ideally situated along the main arterial between the city and Walmart. Idabel is the county seat of McCurtain County. Idabel is the regional hub of McCurtain County, home to Broken Bow Lake that draws over 1MM visitors each year.
Aerial & Retailer Map Washington Plaza, Idabel, OK
Demographic Summary Washington Plaza, Idabel, OK 5 miles 10 miles 20 miles Census 2010 Summary Population 8,672 15,598 30,614 Households 3,432 6,035 12,030 Median Age 37.0 38.0 38.8 2018 Summary Population 8,581 15,489 30,668 Households 3,374 5,952 11,972 Median Age 38.0 39.3 40.2 Average Household Income $49,228 $51,784 $52,533 2023 Summary Population 8,495 15,357 30,481 Households 3,336 5,890 11,865 Median Age 38.5 40.4 41.3 Average Household Income $52,415 $55,951 $57,084