Property Details for 1209 Tanglewood Dr

Year built

2022

Lot size

1.24 lot acres

Property size

4,484 SF

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple ownership of a Chick-fil-A restaurant located at 1209 Tanglewood Dr, McAlester, OK 74501. Built in 2022, this 4,484 square foot property sits on a 1.24-acre lot and boasts a double drive-thru, a highly functional design element contributing to its strong performance. The property benefits from an absolute NNN lease with a remaining term of 18 years, extending to October 31, 2042, featuring thirteen 5-year options with 10% rent bumps every five years and at each option renewal. The current asking price is $5,083,000, representing a price per square foot of $1,133.59 and a 4.75% cap rate, with a current NOI of $241,440. Strategically located within McAlester's primary retail commercial hub on South George Nigh Expressway (25,700 AADT), this Chick-fil-A enjoys excellent visibility and access. It's situated as an outparcel to the Shops at McAlester, a 400,000 square foot shopping center anchored by Ross Dress for Less, Hobby Lobby, and TJ Maxx, further enhancing its prime location. This is the only Chick-fil-A within a 40+ mile radius, minimizing competition and maximizing market share. The property offers significant depreciation benefits for the investor. This is a rare opportunity to acquire a high-performing, long-term, corporate-backed Chick-fil-A investment.

Location Insight

City

McAlester

County

Pittsburg

State

Oklahoma

Longitude

-95.756

Latitude

34.8981