Walmart Shadow - Idabel, OK

WALMART SHADOW STRIP

IDABEL, OK

Walmart Shadow Strip

(1) Co-Tenancy: If Walmart vaates the premises, Alternate Rent the lesser of 1. 3% of Gross Sales or 2. 1/2 of all rents due under the Lease for the period that the Co-Tenant Space remains vacant. Tenant shall have the right to terminate this Lease with 30 days notice at the end of the 6 month period.

(2) Tenant must report gross sales and pay percentage rent annually

(2) Maximum Annual CAM Fee shall not increase by more than 4% over the CAM Fee paid during the preceding calendar year (excluding the cost of snow and ice removal, utilities, and insurance)

(3) Analysis Start Date is 01/01/2024 and Takes Into Consideration a 1 Year Hold From This Date.

DBA Dollar Tree

Corporate/Franchise Corporate

Locations

14,700+ Nationwide

Public/Private Public (NASDAQ: DLTR)

Line of Busines

Dollar Tree is an American chain of discount variety stores that sells items for $1 or less. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 14,700 stores throughout the 48 contiguous U.S. states and Canada. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, household cleaning supplies, candy, toys, stationery, craft supplies, automotive, electronics, pet supplies, and books.

DBA Hibbett Sports

Corporate/Franchise Corporate

Locations

1,096+ in the U.S.

Public/Private Public (NASDAQ: HIBB)

Line of Business

Hibbett Sports, Inc. is an American publicly traded holding company for Hibbett Sporting Goods, a full line sporting goods retailer headquartered in Birmingham, Alabama. Hibbett Sports, Inc. operates sporting goods stores in small to mid-sized markets, in the Southeast, Southwest and lower Midwest regions of the United States. Its stores offer a range of athletic equipment, footwear, and apparel. The company’s primary store format is the Hibbett Sports store, an approximately 5,000 square foot store located primarily in strip centers which are frequently influenced by a Wal-Mart store.

DBA Cato Fashion

Corporate/Franchise Corporation

Locations

1,372+ in the U.S.

Public/Private Public (NYSE: CATO)

Line of Business

The Cato Corporation is an American retailer of women’s fashions and accessories. The company is headquartered in Charlotte, North Carolina. A family-owned business from the beginning, we bring high-quality fashion and accessories, at affordable prices – all the time. With over 1,000 stores in 30 states, we stay true to our small-town America customers by offering on-trend styles, embracing all shapes and sizes and giving our customers the quality and attention they deserve.

DBA Edward Jones

Corporate/Franchise Corporate

Locations

15,000+ in the U.S.

Public/Private Private

Line of Business

Edward Jones, is a financial services firm headquartered in St. Louis, Missouri, United States. It serves investment clients in the U.S. and Canada, through its branch network of more than 15,000 locations and 19,000 financial advisors. The company currently has relationships with nearly 8 million clients and $1.7 trillion in assets under management worldwide. The firm focuses solely on individual investors and small-business owners. Edward Jones is a subsidiary of The Jones Financial Companies, L.L.L.P., a limited liability limited partnership owned only by its employees and retired employees and is not publicly traded.

DBA U.S. Cellular Corporate/Franchise Corporate

Locations

660+ in the U.S.

Public/Private Public (NYSE: USM)

Line of Business United States Cellular Corporation (doing business as U.S. Cellular and formerly known as U.S. Cellular) is an American mobile network operator. It is a subsidiary of Telephone and Data Systems Inc. (which owns an 84% stake). The company was formed in 1983 and is headquartered in Chicago, Illinois. U.S. Cellular is the fourth-largest wireless carrier in the United States, with 4,656,000 subscribers in 426 markets in 21 states as of the 2nd quarter of 2023.

• 19,515 SF Shopping Center Located Adjacent to a High Performing Walmart Supercenter

Located in Idabel, OK

• Outstanding Tenant Longevity – This Center

Has Seen High Tenant Retention with Over

93.5% of the GLA Being There for 15+ Years

• NNN Leases and 100% Occupied Providing

Ease of Management

• National Credit, Internet Resistant Tenant Line Up Including Edward Jones, US Cellular, Dollar Tree, CATO, and Hibbett Sports

• Roof Replaced in 2018 with a 20 Year Warranty

• Priced Well Below Replacement Cost at $169.6/ SF

• Surrounding National Retailers Include Harbor

Freight Tools, Walmart Supercenter, KFC, Taco

Bell, AutoZone Auto Parts, Tractor Supply Co, Braum’s, McDonald’s & Many More

E WASHINGTON ST 10,031 VPD

OVERVIEW

Idabel is a city located in the southeastern part of the state of Oklahoma, United States. It serves as the county seat of McCurtain County. With a population of approximately 7,082 people as of 2023.

The city is known for its picturesque natural surroundings, as it is situated amidst the lush forests and rolling hills of southeastern Oklahoma. It is part of an area renowned for its scenic beauty and outdoor recreational opportunities, including activities like hiking, fishing, and birdwatching.

Economically, Idabel has a diverse base, with industries ranging from agriculture and forestry to manufacturing and retail. The city is also known for its cultural

Idabel, OK

events and festivals that celebrate the local heritage and traditions.

One notable attraction in Idabel is the Museum of the Red River, which features a wide range of Native American artifacts and artworks, reflecting the rich cultural history of the area. Additionally, the nearby Little River National Wildlife Refuge provides opportunities for wildlife enthusiasts to observe various species in their natural habitat.

Overall, Idabel offers a peaceful and community-oriented living environment, with a focus on preserving its natural beauty and cultural heritage.

CONFIDENTIALITY AGREEMENT

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from STRIVE and it should not be made available to any other person or entity without the written consent of STRIVE. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to STRIVE.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. STRIVE has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, STRIVE has not verified, and will not verify, any of the information contained herein, nor has STRIVE conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT STRIVE AGENT FOR MORE DETAILS.

Commercial Disclaimer

STRIVE hereby advises all prospective purchasers of commercial property as follows:

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, STRIVE has not and will not verify any of this information, nor has STRIVE conducted any investigation regarding these matters. STRIVE makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a commercial property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. STRIVE expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a commercial property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any commercial property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenants and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenants history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term leases, including the likelihood of locating replacement tenants if any of the current tenants should default or abandon the property, and the lease terms that Buyer may be able to negotiate with any potential replacement tenants considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

By accepting this Marketing Brochure you agree to release STRIVE and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this commercial property.

Information About Brokerage Services

Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS:

• A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker.

• A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):

• Put the interests of the client above all others, including the broker ’s own interests;

• Inform the client of any material information about the property or transaction received by the broker;

• Answer the client’s questions and present any offer to or counter-offer from the client; and

• Treat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner’s agent through an agreement with the owner, usually in a written listing to sell or property management agreement. An owner’s agent must perform the broker’s minimum duties above and must inform the owner of any material information about the property or transaction known by the agent, including information disclosed to the agent or subagent by the buyer or buyer ’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant’s agent by agreeing to represent the buyer, usually through a written representation agreement. A buyer’s agent must perform the broker’s minimum duties above and must inform the buyer of any material information about the property or transaction known by the agent, including information disclosed to the agent by th e seller or seller ’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the written agreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. A broker who acts as an intermediary:

• Must treat all parties to the transaction impartially and fairly;

• May, with the parties’ written consent, appoint a different license holder associated with the broker to each party (owner and

• buyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.

• Must not, unless specifically authorized in writing to do so by the party, disclose:

ӽ that the owner will accept a price less than the written asking price;

ӽ that the buyer/tenant will pay a price greater than the price submitted in a written offer; and

ӽ any confidential information or any other information that a party specifically instructs the broker in writing not to disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY

• The broker’s duties and responsibilities to you, and your obligations under the representation agreement.

ESTABLISH:

• Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create an obligation for you to use the broker’s services. Please acknowledge receipt of this notice below and retain a copy for your records.