Choctaw Shopping Center 1601-1623 E Jackson St 87,477 SF 95% Leased Retail Building Hugo, OK 74743 $5,100,115 CAD ($58.30 CAD/SF) 8.25% Cap Rate

Marcus & Millichap is pleased to offer the opportunity to acquire a 87,477-square-foot, multi-tenant retail center located in Hugo, Oklahoma. The subject property is 100 percent leased, and the majority of the leases are on gross terms providing significant upside potential. The center is anchored by Tractor Supply, occupying 47 percent of the leasable area and having triple-net terms. Ollie's Bargain Outlet will be occupying the 25,217-square-foot suite on a new eight-year term. Other tenants are a complementary mix of service-oriented businesses and retailers, including Sun Loan Company, Hugo Tag Agency, Vape Shop, Sharpe's Department Store, and a ground lease to Twice The Ice Kiosk. Originally constructed in 1975, the property is situated on two acres totaling 7.93 acres with ample concrete parking.
Choctaw Plaza is located on East Jackson Street with multiple ingress and egress points. Traffic counts in front of the property exceed 8,726 vehicles per day. Shadow-anchored by Walmart Supercenter, the subject property is near other national and regional retailers including Dollar General, Taco Bell, Dollar Tree, McDonald's, Pruett's Food, KFC, US Cellular, Sonic Drive-In, Cricket Wireless, O'Reilly Auto Parts, Subway, and many more. The 10-mile population is approximately 10,059 residents having an average household income of $55,443.