Property profile

506 George Nigh Expy Mcalester, OK 74501

OFF-MARKET
Auto shops
Property ID
US69-0872752
1,431 SF 1.26 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a brand-new, 1,421 square foot Take 5 Oil Change located in McAlester, Oklahoma. The property sits on a 0.34-acre lot at 506 S George Nigh Expy, 74501. Built in 2023, this single-tenant retail building is currently operating at 100% occupancy under a 20-year triple-net (NNN) lease with a strong corporate guarantor, Driven Funding Holdco, LLC (approximately 3,500 units). The lease features a substantial annual rent of $100,000, providing a 6.25% cap rate. Annual rental increases of 1.5% are built into the lease throughout the initial 20-year term and extend into four, five-year renewal options. The NNN lease structure ensures minimal landlord responsibilities, making this a low-maintenance, high-return investment. This property offers a secure, long-term investment with significant upside potential due to the established tenant and favorable lease terms. The property's prime location and the strength of the corporate guarantee further enhance its attractiveness to discerning investors. This is a rare opportunity to acquire a high-performing, passively managed asset with exceptional long-term growth prospects.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1982
Total area 1,431 SF
Lot 1.26 ac (54,711 SF)
APN 0100-00-505-000-0-000-00
UPID US69-0872752

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Car Wash

Location

506 George Nigh Expy Mcalester, OK 74501-6711
Mcalester metro Census 486600 MCALESTER, OK MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2022
$845,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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