Bealls Single-Tenant Net Lease Offering

1000 W. Gentry Avenue, Checotah, OK 74426

Property Information

  • For Sale $1,948,900
  • Property Type Retail - Strip Center
  • Property Size 20,590 SF
  • Lot Size 1.98 Acre
  • Cap Rate % 8.61
  • NOI / YR $167,796.00
  • Date Updated Sep 3, 2026

Description

Corporate Backed Lease

  • Lease backed by Bealls Inc. — founded 1915, family-owned, 660+ stores across 22 states, with 25 new stores planned for 2026-2027.

Contractual Rent Growth

  • A 10% increase on February 1, 2031 lifts Bealls base rent from $153,396 to $168,736, stabilizing at a 9.4% cap rate.

Lake Eufaula – Tourist Traffic

  • Located near Lake Eufaula, Oklahoma's largest lake at 102,000 acres — state park 14 miles southwest, plus the Carlton Landing resort town.

Established Retail Node

  • Positioned alongside Walmart Supercenter, Dollar Tree, and O'Reilly Auto Parts at the I-40 / US-69 interchange — the dominant retail corridor in McIntosh County.

Immediate Yield

  • An 8.61% going-in cap rate delivers $167,796 of in-place income from close.

Outparcel Income

  • Mudslingers Coffee is on a ground lease in the parking lot — 10+ locations throughout the Southeast and the only drive-thru coffee option in Checotah.

Contacts

Location

Contact Bealls Single-Tenant Net Lease Offering
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