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    OFF-MARKET
    Retail properties & Spaces

    1209 Tanglewood Dr, McAlester, OK 74501

    4,484 SF 1.24 ac lot Built 2022
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2022
    Total area 4,484 SF
    Lot 1.24 ac (54,014 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Chick-fil-A Restaurant Take-out & Catering
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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