River City Plaza & Three Rivers Plaza Muskogee, OK
Access OfferingInvestment Overview
Address
1000 W Shawnee St
Muskogee, OK 74401
Investment Overview
Institutional Property Advisors has been chosen to exclusively market 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 regional shopping district attracting more than three million customers featuring Walmart Grocery Supercenter(n.o.), Ross, T.J.Maxx, Ulta Beauty, Hibbett Sports, Dollar Tree, Five Below, Petco and more daily necessity goods and services to a trade area of 100,000+ residents earning in excess of $58,000 HHI. Burlington is scheduled to open in November 2024!
Investment Highlights
NATIONAL CREDIT TENANTS – 83% of the Gross Leasable Area is Occupied by National & Regional Credit Tenants with 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
VALUE-ADD – Lease-up & Pad Sales
#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.
Market Overview
Muskogee, OK
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.
Location Map
Listing Team
Institutional Property Advisors
Bill Rose
Senior Managing DirectorInvestment Sales
CA 01170320, NV S.019873
(760) 402-3484 Bill.Rose@ipausa.com
James Bell
Senior Vice PresidentInvestment Sales
TX: 0382650
(713) 452-4266 James.Bell@marcusmillichap.com
Reed Hamilton
AssociateInvestment Sales
CA: 02230580
(858) 373-3226 reed.hamilton@marcusmillichap.com
