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FREDDY’S (74 UNIT GUARANTY) – MCALESTER, OK 1102 S George Nigh Expy 3,520 SF Retail Building Mcalester, OK 74501 $2,560,000 ($727.27/SF) 6.25% Cap Rate
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 AFFLUENT DEMOGRAPHICS: Total Population (5MI): 21,428 | Average Household Income (1MI): $111,860
- TENANT | GUARANTORS: Ram-Z Custard, LLC owns & operates 74 locations, which include 39 Freddy’s restaurants, making it 6th largest Freddy’s in US
- 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
Building Size
3,520 SF
Building Class
C
Year Built
2013
Price
$2,560,000
Price Per SF
$727.27
Cap Rate
6.25%
NOI
$160,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.00 AC
Zoning
C
Parking
56 Spaces (15.91 Spaces per 1,000 SF Leased)
Frontage
194’ on S George Nigh Expy
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 | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0000-19-05N-15E-0-101-06 | Improvements Assessment | $60,788 |
| Land Assessment | $23,958 | Total Assessment | $84,746 |
PROPERTY TAXES
Parcel Number
0000-19-05N-15E-0-101-06
Land Assessment
$23,958
Improvements Assessment
$60,788
Total Assessment
$84,746
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FREDDY’S (74 UNIT GUARANTY) – MCALESTER, OK | 1102 S George Nigh Expy
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