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Chick-fil-A 1209 Tanglewood Dr

4,484 SF 4-Star Retail Building Mcalester, OK 74501 £3,919,797 (£874.17/SF) 4.75% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Rare 20-Year Corporate Absolute NNN Lease to Chick-fil-A
  • Unique Fee Simple Chick-fil-A Property Including Improvements – Benefit of Depreciation
  • Outparcel to Shops at McAlester - A 400k SF Retail Center with Ross, Hobby Lobby, TJ Maxx, and More
  • Scheduled 10% Rental Escalations in Primary Term & Options
  • No Landlord Maintenance Responsibilities
  • Chick-fil-A Generated 2022 Sales of $18.8 Billion (13% YoY Increase)

EXECUTIVE SUMMARY

The subject property is strategically situated with excellent access and visibility along Highway 69/South George Nigh Expressway (25,700 AADT), which serves as a vital north-south corridor connecting Dallas to Tulsa. The property is nestled within McAlester’s primary retail commercial hub on South George Nigh Expressway and is the only Chick-fil-A location in an over 40-mile radius.
This property is well positioned as an outparcel to the Shops at McAlester, a 400,000 square foot shopping center featuring anchor tenants like Ross Dress for Less, Hobby Lobby and TJ Maxx.
This property is listed in conjunction with Oklahoma-licensed real estate broker Old Capital Group.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,484 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
£3,919,797
Price Per SF
£874.17
Net Initial Yield
4.75%
NOI
£186,225
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
2.07 AC
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NEARBY MAJOR RETAILERS

Starbucks
Steak ‘n Shake
McAlister's Deli
Mazzio's

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0269-00-000-003-0-003-00
  • 0269-00-000-002-0-002-00
 Improvements Assessment £138,908
Land Assessment £127,268 Total Assessment £266,175

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0269-00-000-003-0-003-00
  • 0269-00-000-002-0-002-00
Land Assessment
£127,268
Improvements Assessment
£138,908
Total Assessment
£266,175
(510) 289-1166

CONTACTS

  • Listing ID: 30754956

  • Date on Market: 24/01/2024

  • Last Updated:

  • Address: 1209 Tanglewood Dr, Mcalester, OK 74501

The Retail Property at 1209 Tanglewood Dr, Mcalester, OK 74501 is currently available for sale. Contact Fisher James Capital for more information.

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1209 Tanglewood Dr, Mcalester, OK for sale Primary Photo- Image 1 of 3
Chick-fil-A - McAlester, OK
1209 Tanglewood Dr, Mcalester, OK for sale Building Photo- Image 2 of 3
Chick-fil-A - McAlester, OK

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Chick-fil-A | 1209 Tanglewood Dr
(510) 289-1166 x

Chick-fil-A | 1209 Tanglewood Dr

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Putnam Daily

(510) 289-1166

(510) 289-1166

Vahe Nokhoudian

(626) 484-4034

(626) 484-4034

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