The Investment Team of Colliers International is pleased to present for sale the Arrowhead Mall at 501 N. Main Street in Muskogee, Oklahoma. The enclosed 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.