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Property profile & analytics
OFF-MARKET
Auto shops

506 George Nigh Expy Mcalester, OK 74501-6711

1,431 SF 1.26 ac lot Built 1982
Entity Owned 1-yr Hold Free & Clear
Property ID
US69-0872752
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Take 5 Oil Change Auto Repair Shop
  • Take 5 Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Fcpt Holdings LLC · 1 yrs held
Fcpt Holdings LLC
since 2024
2 recorded transactions
2024
Price N/A
2022
$845,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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