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1102 S George Nigh Expy
Mcalester, OK 74501

FREDDY’S (69 UNIT GUARANTY) – MCALESTER, OK · Retail Property For Sale

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

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
$3,000,000
Price Per SF
$852
Cap Rate
6%
NOI
$180,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.00 AC
Zoning
C

Amenities

  • Restaurant
  • Signage
  • Drive Thru
  • Air Conditioning

Links

PROPERTY TAXES

Parcel Number 0000-19-05N-15E-0-101-06 Improvements Assessment $56,752
Land Assessment $23,958 Total Assessment $80,710

PROPERTY TAXES

Parcel Number
0000-19-05N-15E-0-101-06
Land Assessment
$23,958
Improvements Assessment
$56,752
Total Assessment
$80,710

  • Listing ID: 34414827

  • Date on Market: 1/8/2025

  • Last Updated:

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

More public record information on 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.

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