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Chick-fil-A 201 E Tamarack Rd 5,305 SF Retail Building Altus, OK 73521 $5,615,000 ($1,058.44/SF) 4.85% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long-Term Absolute Net Lease: 15-year lease term with zero landlord responsibilities and 10% rent escalations every 5 years
  • Limited Competition: The only Chick-fil-A within a 50-mile radius, providing strong regional draw
  • Local Economic Anchor: Only 3.5 miles from Altus Air Force Base, employing over 4,800 personnel with a total annual economic impact exceeding $1.15 bi
  • Premier Tenant: Chick-fil-A leads the quick-service restaurant industry with the highest average unit volume (AUV) of $9.32 million per location
  • Strategic Location: Situated prominently along Altus’s main retail corridor, adjacent to Walmart, Starbucks, and Whataburger

EXECUTIVE SUMMARY

The subject property offers excellent access and visibility along East Tamarack Road near its intersection with US-283/N Main Street and is positioned adjacent to a newly developed Starbucks and car wash. It sits directly across from a Walmart Supercenter-anchored shopping center featuring national tenants such as Whataburger, Dollar General, Harbor Freight Tools, Hibbett Sports, Atwoods, Sally Beauty, and Chicken Express. Directly across North Main Street are the campuses of Western Oklahoma State College and Southwest Technology Center, both of which generate steady daily traffic to the area.
Located just 3.5 miles from the site, Altus Air Force Base is a major regional economic driver, employing over 4,800 personnel and training more than 2,000 flight crew and maintenance students annually. Including indirect and induced impacts, the base supports over 8,000 jobs and contributes an estimated $1.15 billion in annual economic activity. Altus is situated approximately 135 miles southwest of Oklahoma City and serves as a key retail and service hub for southwestern Oklahoma and neighboring north central Texas, supported by its strategic location along U.S. Highways 62 and 283 with access to I-40, I-44, and I-35 via connecting highways.
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
5,305 SF
Building Class
B
Year Built
2023
Price
$5,615,000
Price Per SF
$1,058.44
Cap Rate
4.85%
NOI
$272,328
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.87 AC
Zoning
C-2
Parking
77 Spaces (14.51 Spaces per 1,000 SF Leased)
Frontage
147’ on TAMARACK RD

AMENITIES

  • Pylon Sign
  • Signage
  • Drive Thru

NEARBY MAJOR RETAILERS

Starbucks
Western Sizzlin
Applebee's
Equity Bank
MidFirst Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0022-05-002-020-0-036-00
Land Assessment
$42,819
Improvements Assessment
$174,119
Total Assessment
$216,938
  • Listing ID: 35810655

  • Date on Market: 5/9/2025

  • Last Updated:

  • Address: 201 E Tamarack Rd, Altus, OK 73521

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