Share This Listing

Message

962 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Executive Summary

The Offering Memorandum presents 139 W Shawnee as a 9,500 SF modern retail center built in 2016 and positioned within one of Muskogee’s strongest commercial corridors. The property includes three individual units and is currently 100% occupied, offering stable in-place income. Situated on a 41,859 SF lot, the center benefits from excellent frontage and visibility along W Shawnee Street, which carries a traffic count of 18,300 vehicles per day. The asset is offered at a price of $1,660,000, equating to an attractive $181 per square foot relative to newer construction retail in the market. Financials in the OM show an NOI of $133,000 supported by $163,000 in gross rental income and only $30,000 in annual operating expenses. This income profile positions the property at an 8.% cap rate and a strong projected first-year cash-on-cash return of 30%. The surrounding trade area is anchored by national retailers such as Walmart, Ross, T.J. Maxx, McDonald’s, Red Lobster, Golden Corral, and Bricktown Brewery, all shown on the retailer map). Demographics within a five-mile radius include nearly 37,000 residents with average household incomes approaching $63,000, reinforcing sustained retail demand. With F1 zoning and a contemporary layout, the center is suited for a wide range of retail, restaurant, and service-based tenants seeking modern space in a high-traffic corridor). Overall, the Offering Memorandum highlights 139 W Shawnee as a stable, well-located retail asset with both immediate income and compelling long-term value-add potential in a growing regional market.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,500 SF
Building Class
B
Year Built
2017
Price
$2,282,434 CAD
Price Per SF
$240.26 CAD
Cap Rate
8.01%
NOI
$182,870 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
1.15 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial
Parking
72 Spaces (7.58 Spaces per 1,000 SF Leased)
Frontage
167’ on Shawnee st

Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Finance and Insurance
  • 99,999 SF
  • -
  • -

State Farm began in 1922 when G.J. Mecherle founded the business in central Illinois as an auto insurance company built around fairness for farmers and other drivers. The company has since grown into a mutual insurer that offers auto, home, renters, life, health, and business coverage, along with financial services and claims support. State Farm’s public materials describe a long-running focus on helping customers manage everyday risks, recover from unexpected events, and plan for the future. Recent company reporting also shows a broad market presence across insurance and related services, with a wide network of agent offices serving millions of policies and accounts.

  • Uncle Pacos
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • -
  • Vapor Maven
  • -
  • 99,999 SF
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
Finance and Insurance 99,999 SF - -
Uncle Pacos Accommodation and Food Services 99,999 SF - -
Vapor Maven - 99,999 SF - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Nearby Major Retailers

Golden Corral
Red Lobster
Taco Bueno
Rib Crib
Mazzio's
Rent One Home Furnishings
Freddy's Frozen Custard & Steakburgers
Chili's Grill & Bar
Mcalister's Deli
7 Brew Coffee

Property Taxes

Property Taxes

Parcel Number
10354
Land Assessment
$35,922 CAD
Improvements Assessment
$93,705 CAD
Total Assessment
$129,627 CAD
  • Listing ID: 40619763

  • Date on Market: 2026-05-21

  • Last Updated:

  • Address: 139 W Shawnee St, Muskogee, OK 74401

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}