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34598293
34598291

2510 West Main Street, Durant, OK 74701 For Sale

PL
TX TX 522087
Marcus & Millichap - Dallas
Marcus & Millichap - Austin
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Austin
$2,814,400
2 days on market
Updated 2 days ago

T-Mobile Anchored Retail Center

Details
Property Type Retail
Sub Type QSR/Fast Food, Storefront (+1)
Square Footage 5,823
Net Rentable (SqFt) 5,823
Units 3
Cap Rate 6.75%
NOI $189,972
Occupancy 100%
Tenancy Multi
Brand/Tenant T-Mobile, HTeaO (+1)
Lease Type Absolute NNN
Rent Bumps Yes
Price per SqFt $483
Class A
Year Built 2024
Buildings 2
Acreage 0.710
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple

Shadowed By Walmart | 100% Occupied | Diversified Tenant Mix | Triple Net Leases

Marketing description

The T-Mobile Anchored Retail Center is a newly developed retail asset featuring two modern buildings totaling 5,823 square feet on approximately 0.71 acres. The property is fully leased to a complementary mix of national and regional retailers that generate recurring consumer traffic across wireless, personal services, and food & beverage categories. Designed with attractive contemporary architecture, excellent visibility, and separate parcel configuration, the center offers investors a low-maintenance asset with long-term income and future ownership flexibility.

The T-Mobile Anchored Retail Center is strategically located at the signalized intersection of West Main Street and Radio Road, immediately west of US Highway 69/75, within Durant's premier retail corridor. The property benefits from exceptional visibility, convenient access, and exposure to more than 47,000 vehicles per day, positioning it among the city's most prominent retail locations. Durant serves as the primary retail, healthcare, education, and entertainment hub for Southeastern Oklahoma, drawing consumers from a broad regional trade area extending into North Texas. The surrounding corridor is anchored by Walmart Supercenter, Lowe's, Aldi, Harbor Freight, Boot Barn, Walgreens, Chick-fil-A, and numerous national retailers, creating a dominant shopping destination that generates consistent consumer traffic.

The property is further supported by several major demand generators, including Southeastern Oklahoma State University, AllianceHealth Durant, First United Bank, and a diverse base of manufacturing and distribution employers. Approximately four miles south, the Choctaw Casino & Resort—following its $500 million expansion—serves as one of Oklahoma's premier entertainment destinations, attracting millions of visitors annually and reinforcing Durant's role as the region's commercial center. The combination of dominant retail positioning, strong regional demand drivers, and continued economic investment provides an attractive foundation for long-term tenant performance and investment stability.

Investment highlights

NEW CONSTRUCTION ASSET WITH MINIMAL CAPITAL REQUIREMENTS

Completed in 2023 and 2024, the property is 100% occupied by T-Mobile, Sport Clips, and HTeaO under NNN lease structures. The recently constructed improvements provide stable cash flow with minimal near-term capital requirements.

POSITIONED WITHIN DURANT'S PREMIER RETAIL DESTINATION

Located within Durant's dominant retail corridor, the property is shadow-anchored by Walmart, and surrounded by Lowe's, Aldi, Harbor Freight, Boot Barn, and numerous national retailers. This established shopping destination generates consistent consumer traffic and reinforces long-term tenant demand.

SIGNALIZED HARD CORNER WITH EXCEPTIONAL VISIBILITY

The property occupies a highly visible corner at West Main Street and Radio Road, just west of US Highway 69/75. Exposure to more than 47,000 vehicles per day supports strong visibility and convenient customer access.

REGIONAL DRAW FROM CHOCTAW CASINO & RESORT

Located approximately four miles from Choctaw Casino & Resort, the property benefits from one of Oklahoma's largest tourism and employment drivers. Combined with its proximity to the Dallas-Fort Worth Metroplex, the asset serves a broad regional customer base.

DIVERSIFIED DAILY-NEEDS TENANT MIX

The center is leased to complementary wireless, personal service, and food & beverage operators that generate recurring customer visits. This diversified tenant mix supports durable cash flow across multiple retail categories.

REGIONAL EMPLOYMENT & EDUCATION DRIVERS

The trade area is anchored by Southeastern Oklahoma State University, AllianceLHealth Durant, First United Bank, and a diverse manufacturing base. These employers provide a stable daytime population that supports long-term retail demand.

FLEXIBLE PARCEL CONFIGURATION

The property's separate parcel configuration provides additional flexibility for future financing, ownership structuring, or disposition strategies. This flexibility enhances the property's long-term investment appeal.

Listing Contacts

PL
TX TX 522087
Marcus & Millichap - Dallas
Marcus & Millichap - Austin
Listed by Marcus & Millichap - Dallas, Marcus & Millichap - Austin

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$189,972.00
$15,831.00/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Tim Speck
License
OK 149994
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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