Walmart Super Grocer River City + Three Rivers Muskogee, OK

Access Offering

Investment Overview

Address

900 W Shawnee St
Muskogee, OK 74401

Summary

  • Portfolio Metrics 6th street & Hwy 62, Muskogee, OK 74401
  • Current Occupancy 97%
  • Gross Leasable Area - Power Center 462,533 SF
  • Gross Leasable Area (GLA) Offered 247,080 SF
  • Parcel Size (Acres) 27.42
  • Year Opened 2006 + 2015
  • Parking 1,240 spaces

Investment Overview

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.  .

Investment Highlights

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.

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 Director
Investment Sales
CA 01170320, NV S.019873
(760) 402-3484 Bill.Rose@ipausa.com

Steve Greer

Broker of Record
OK: 206118
(225) 376-8600 Steve.Greer@marcusmillichap.com

James Bell

Senior Vice President
Investment Sales
TX: 0382650
(713) 452-4266 James.Bell@marcusmillichap.com

Sunny Sajnani

Executive Managing Director
Capital Markets
(972) 764-8808 SSajnani@ipausa.com

Adam Mengacci

Managing Director
Capital Markets
(469) 364-6530 AMengacci@ipausa.com

Parker Wada

Investment Sales
CA: 02107118
(858) 373-3135 Parker.Wada@marcusmillichap.com

Reed Hamilton

Associate
Investment Sales
CA: 02230580
(858) 373-3226 reed.hamilton@marcusmillichap.com

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