Altus Plaza Shopping Center

Retail Property For Sale

Property Overview

Altus Plaza presents an excellent value-add investment opportunity with significant upside potential. This 121,124 sq ft shopping center is strategically situated on 8.36 acres and anchored by a newly opened Dunham’s Sports, enhancing the center’s attractiveness and foot
traffic.

The tenant mix includes prominent national brands such as Family Dollar, Rent-A-Center, and US Cellular, complemented by diverse regional and local retailers. The property offers immediate upside potential, with select inline suites ready for leasing or market-rate
adjustments, providing investors an excellent opportunity to enhance NOI through strategic leasing initiatives.

Altus Plaza currently generates a strong annual NOI of approximately $490,129 at an attractive cap rate of 9.8%. This offering represents an outstanding opportunity to acquire a strategically located retail center with immediate value-enhancement potential.

• 85,453 sq ft retail center on 8.36 acres
• Anchored by newly opened Dunham’s Sports
• Prominent national tenants: Family Dollar, Rent-A-Center, and US Cellular
• Located near Altus Air Force Base and Western Oklahoma State College
• Potential for NOI growth through market-rate adjustments

Location Overview

Altus Plaza sits at the signalized corner of North Main Street (US 283) and Falcon Road. Altus is the retail hub for southwest Oklahoma, anchored by Altus Air Force Base and Western Oklahoma State College. The site offers direct frontage on US 283 with high visibility and easy access. Nearby retailers include Hobby Lobby, Locke Supply, Ace Hardware, Bealls and a Walmart Supercenter.