About This Restaurant
Investment Highlights
Rare 20-Year Corporate Absolute NNN Lease to Chick-fil-A Unique Fee Simple Chick-fil-A Property Including Improvements ? Benefit of Depreciation Outparcel to Shops at McAlester - A 400k SF Retail Center with Ross, Hobby Lobby, TJ Maxx, and More Scheduled 10% Rental Escalations in Primary Term & Options No Landlord Maintenance Responsibilities Chick-fil-A Generated 2022 Sales of $18.8 Billion (13% YoY Increase)
Executive Summary
The subject property is strategically situated with excellent access and visibility along Highway 69/South George Nigh Expressway (25,700 AADT), which serves as a vital north-south corridor connecting Dallas to Tulsa. The property is nestled within McAlester?s primary retail commercial hub on South George Nigh Expressway and is the only Chick-fil-A location in an over 40-mile radius.This property is well positioned as an outparcel to the Shops at McAlester, a 400,000 square foot shopping center featuring anchor tenants like Ross Dress for Less, Hobby Lobby and TJ Maxx. This property is listed in conjunction with Oklahoma-licensed real estate broker Old Capital Group.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Fast Food
- Building Size 4,484
- Building Class B
- LoopNet Rating 4 Star
- Year Built 2022
- Price 5,487,000
- Price Per SF 1,224
- Cap Rate 4.40
- NOI 241,440
- Tenancy Single
- Building Height 1 Story
Property Taxes
| Parcel Number | 0269-00-000-003-0-003-00 | Improvements Assessment | $104,502 |
| Land Assessment | $127,494 | Total Assessment | $231,996 |
| Date Created: | 2024-07-16 04:18:08 | Last Updated: | 2024-07-16 04:18:08 |
| Address: | 1209 Tanglewood Dr , Mcalester, Oklahoma, 74501 | ||