900 W Shawnee St
Muskogee, OK 74401
Institutional Property Advisors has been chosen as the exclusive advisor to offer for sale the fee simple interest in a two-property portfolio consisting of River City Plaza and Three Rivers Plaza, a combined 460,000-square-foot super regional shopping district located at the signalized intersection of State Highway 62 (Shawnee Avenue) and North 6th Street in Muskogee, Oklahoma. The offering includes two power centers consisting of 247,080 square feet on approximately 27.4-acres. The centers attract more than three million customer visits per year, ranking in the states’ top percentile. Walmart Grocery Supercenter (n.o.), Ross, T.J. maxx, Burlington (Grand Opening October 5th), Ulta Beauty, Hibbett Sports, Dollar Tree, Five Below, Petco and more provide daily necessity goods and services to a primary trade area of over 100,000 residents earning an average household income in excess of $58,000. .
NATIONAL CREDIT TENANTS – 83% of the Gross Leasable Area is Occupied by National & Regional Credit Tenants on Long-term Operating Success
RELIABLE CASH FLOW – 75% of the Net Operating Income is Generated by Investment Grade Tenants and National Private Equity Retailers.
BELOW MARKET RENT – 50% of Leases Open to Market Rent Reset
#1 RANKED POWER CENTERS – Drawing over 3 million Customer Visits Annually Within a 30-Minute Drive Time.
HIGH QUALITY CONSTRUCTION & CURB APPEAL – Well Maintained and Professionally Managed.
LARGE PRIMARY TRADE AREA – The Centers Serve an Area Three Times the City’s Population Generating 2/3 of County Retail Sales.
Muskogee lies approximately 48 miles southeast of Tulsa and is served by U.S. Route 62, U.S. Route 64, U.S. Route 69, State Highway 16, 351 and the Muskogee Turnpike.