Arrowhead Mall - Regional Shopping Mall

501 N. Main St. Muskogee, OK 74401

  • 438,294 Square Feet
  • Retail
  • For Sale

Summary Description

This regional mall was built in 1987 and renovated in 2005. Anchored by Dillard's, JCPenney and Dickinson Theatres, the 438,294-square-foot mall benefits from ample surface parking, engaging common areas and easy access, as well as excellent signage and visibility from North Main Street, the city's major thoroughfare.

This seasoned, yet well-maintained asset is currently about 68.2% occupied, offering new ownership immediate upside through the repositioning and lease up of its 36 vacant units, including the 75,838-square-foot box formerly occupied by Sears. Arrowhead Mall is an excellent opportunity for an investor to acquire a well-positioned, value-add asset at a significant discount to replacement cost.

Price: $5,900,000.00

Lot Size: 1873080 Square Feet

Building Size: 438294 Square Feet

Area Available: 438,294 Square Feet

Features:

  • Regional Shopping Mall Anchored by Dillard’s, JCPenney and Dickinson Theatres (subsidiary of B&B Theatres)
  • Professionally Managed and Well Maintained
  • 68.2% occupancy provides an investor immediate upside, through the lease of its 36 vacancies totaling 139,547 Sf
  • Only enclosed mall for 50 miles, making Arrowhead Mall a crucial piece of the area economy
  • Average Household Income = $53, 644 within a 5 mile radius
  • Traffic Count Per Day: ± 17,702
  • Excellent Location on North Main Street within walking distance of Downtown Muskogee's Historic Downtown
  • Muskogee is the Regional Economic Hub for All of Eastern Oklahoma with a Potential Customer Base of 220,000 people within a 30-minute drive

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