Bealls Single-Tenant Net Lease Offering
Sales Price: $1,948,900
Cap Rate: 8.61%
NOI: $167,796
1000 W. Gentry Avenue, Checotah, OK
20,590 SF on 1.98 Acres +/-
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.
DOWNLOAD THE OM: https://naired.com/wp-content/uploads/Bealls-Checotah-OM.pdf