Property Details
Arrowhead Mall - Regional Shopping Mall
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.
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
- Property TypeLand, Retail
- Year Built1987Renovated 2005
- Total Acres10.06
- Property ID1867963