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Absolute NNN Drive-Through Restaurant
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1102 South George Nigh Expressway, McAlester, OK 74501

New construction is supported by a long-term lease and multiple renewal options.

Property Size3,520 SF
Lot Size2.00 Acres
Price / SF$673.30
Days on Market9

Property Features for 1102 South George Nigh Expressway

General Information

Standard status Active
Size 3,520 SF
Lot size 2.00 Acres
Property subtype Retail
Zoning C
Occupancy 100%
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $160,000

Site & Location

Traffic Count 23,767 vehicles/day
Highway Access Yes
Road Access Yes

Building Details

Year Built 2024
Tenancy Single
Listing Agency: Commercial Investment Advisors (CIA) Scottsdale
Listed By: Justin Zahn · License #SA545840000
Source: Crexi
Added: Aug 3 Changed: Aug 10 Last Checked: Aug 10 at 3:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Investment Advisors (CIA) Scottsdale

Investment Insights

Based on property information with market context.

Completed in 2024, this 3,520-square-foot drive-through restaurant occupies approximately 2.0 acres and is zoned C. The property is leased under an Absolute NNN structure, with 18 years remaining on the initial term, 7.50% rent escalations every 5 years, and four 5-year renewal options. Ram-Z Custard, LLC operates the Freddy’s location and has a multi-brand restaurant portfolio.

The site fronts US-69/George Nigh Expressway, McAlester’s primary north-south route, which records 23,767 CPD. It serves as a pad site within a Hobby Lobby-anchored shopping center with T.J. Maxx, Ross, Ollie’s Bargain Outlet, Bealls, and Five Below. Walmart, Lowe’s, Tractor Supply, Atwoods, and additional retail and dining uses are also nearby. McAlester Regional Hospital is 3.5 miles away, while Saint Francis Children’s Physicians Pediatrics is less than 4 miles from the property.

Key Highlights

  • 3,520 SF drive‑through restaurant completed in 2024
  • Approximately ±2.0‑acre lot with C zoning
  • Absolute NNN lease with 18 years remaining on the initial term

Property Analytics

Current Use

Steak 'n Shake Restaurant

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Spa & Massage Center Restaurant Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

23,767 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

108
Businesses Nearby
4k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 75% Hotels & Casinos 25%
O'Reilly Auto Parts Shops & Services
1,671 visits/mo 0.3 miles
Enterprise Rent-A-Car Shops & Services
985 visits/mo 0.4 miles
Motel 6 Hotels & Casinos
885 visits/mo 0.3 miles

Demographics for 74501, OK

28,566
Population
13,223
Households
2.2
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
550.7 sq mi
ZIP Area
52
Density / Sq Mi
$55,430
Median Household Income
$38,814
Median Earnings
$907
Median Rent
$156,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - New construction is supported by a long-term lease and multiple renewal options.
Where is this nnn property located?
The property is located at 1102 South George Nigh Expressway McAlester, OK.
What is the asking price?
The asking price for this property is $2,370,000.
What are key features of this property?
This property features: 3,520 SF drive‑through restaurant completed in 2024; Approximately ±2.0‑acre lot with C zoning; Absolute NNN lease with 18 years remaining on the initial term
More about this property
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