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Chick-fil-A 1209 Tanglewood Dr

4,484 SF 4-Star Retail Building Mcalester, OK 74501 $5,082,000 ($1,133/SF) 4.75% Cap Rate

Retail Space Oklahoma Mcalester 1209 Tanglewood Dr, Mcalester, OK 74501

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
$5,082,000
Price Per SF
$1,133
Cap Rate
4.75%
NOI
$241,440
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
2.07 AC
1 of 1

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0269-00-000-003-0-003-00
  • 0269-00-000-002-0-002-00
 Improvements Assessment $194,605
Land Assessment $165,002 Total Assessment $359,607

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0269-00-000-003-0-003-00
  • 0269-00-000-002-0-002-00
Land Assessment
$165,002
Improvements Assessment
$194,605
Total Assessment
$359,607
(510) 289-1166

  • Listing ID: 30754956

  • Date on Market: 1/24/2024

  • Last Updated:

  • Address: 1209 Tanglewood Dr, Mcalester, OK 74501

More public record information on 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.

Nearby Listings

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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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