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FREDDY’S (69 UNIT GUARANTY) – MCALESTER, OK 1102 S George Nigh Expy

3,520 SF Retail Building Mcalester, OK 74501 $4,313,070 CAD ($1,225 CAD/SF) 6% Cap Rate

Retail Space Oklahoma Mcalester 1102 S George Nigh Expy, Mcalester, OK 74501

INVESTMENT HIGHLIGHTS

  • LONG-TERM LEASE: BRAND NEW 20-YEAR ABSOLUTE NNN LEASE with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
  • BRAND NEW CONSTRUCTION: Well-positioned on a pad site to a newly constructed Hobby Lobby/Ross/T.J. Maxx Anchored Retail Center
  • 2024 DEMOGRAPHICS: Total Population (5MI): 21,428 | Average Household Income (1MI): $111,860
  • TENANT | GUARANTORS: Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants, making it the 6th largest Freddy’s
  • TRAFFIC COUNTS: Situated on a very large ±2.0-acre lot with excellent visibility/access on US-69/George Nigh Expy

EXECUTIVE SUMMARY

(Building & Land) Fee Simple
OK
In Association with Designated Broker:
Brian Brockman – Broker
License #: 177814
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,520 SF
Building Class
C
Year Built
2024
Price
$4,313,070 CAD
Price Per SF
$1,225 CAD
Cap Rate
6%
NOI
$258,784 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.00 AC
Zoning
C

AMENITIES

  • Restaurant
  • Signage
  • Drive Thru
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Freddy's Frozen Custard
  • Accommodation and Food Services
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Freddy's Frozen Custard Accommodation and Food Services - - -

LINKS

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NEARBY MAJOR RETAILERS

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

PROPERTY TAXES

Parcel Number 0000-19-05N-15E-0-101-06 Improvements Assessment $81,521 CAD
Land Assessment $34,414 CAD Total Assessment $115,936 CAD

PROPERTY TAXES

Parcel Number
0000-19-05N-15E-0-101-06
Land Assessment
$34,414 CAD
Improvements Assessment
$81,521 CAD
Total Assessment
$115,936 CAD
(602) 770-7145

CONTACT

  • Listing ID: 34414827

  • Date on Market: 2025-01-08

  • Last Updated:

  • Address: 1102 S George Nigh Expy, Mcalester, OK 74501

The Retail Property at 1102 S George Nigh Expy, Mcalester, OK 74501 is currently available for sale. Contact Commercial Investment Advisors, INC for more information.

NEARBY LISTINGS

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1102 S George Nigh Expy, Mcalester, OK for sale Primary Photo- Image 1 of 7
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FREDDY’S (69 UNIT GUARANTY) – MCALESTER, OK | 1102 S George Nigh Expy
(602) 770-7145 x

FREDDY’S (69 UNIT GUARANTY) – MCALESTER, OK | 1102 S George Nigh Expy

Kendall Carlsen

(602) 770-7145

(602) 770-7145

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