1102 S George Nigh Expy - Fast Food FOR SALE
Mcalester, OK 74501 |
$3,000,000 USD
214-643-6097
1102 S George Nigh Expy
Mcalester, OK 74501
HIGHLIGHTS
- LONG-TERM LEASE: BRAND NEW 20-YEAR ABSOLUTE NNN LEASE with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
- TENANT | GUARANTORS: Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants, making it the 6th largest Freddy’s
- BRAND NEW CONSTRUCTION: Well-positioned on a pad site to a newly constructed Hobby Lobby/Ross/T.J. Maxx Anchored Retail Center
- TRAFFIC COUNTS: Situated on a very large ±2.0-acre lot with excellent visibility/access on US-69/George Nigh Expy
- 2024 DEMOGRAPHICS: Total Population (5MI): 21,428 | Average Household Income (1MI): $111,860
FOR SALE DETAILS
PRICE
$3,000,000 USD
PRICE/SF
$806 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FREDDY’S (69 UNIT GUARANTY) – MCALESTER, OK
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2 AC
LAND SF
87,120 SF
ZONING
C
APN/PARCEL ID
0000-19-05N-15E-0-101-06
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
214-643-6097
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
214-643-6097
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
