1209 Tanglewood Dr McAlester, OK 74501
- Retail properties
- 4,484 SF
- 1.24 lot acres
Current Use by Public Records
- Chick-fil-A / Fast Food Restaurant / Breakfast Restaurant
Property Details for 1209 Tanglewood Dr
- Year built
- 2022
- Lot size
- 1.24 lot acres
- Property size
- 4,484 SF
- Property type
- Retail properties
- 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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- McAlester
- County
- Pittsburg
- State
- Oklahoma
- Longitude
- -95.756
- Latitude
- 34.8981
