Chick-fil-A

1209 Tanglewood Drive, McAlester, OK 74501

$5,083,000

Cap Rate 4.75%

Views: 131 DOM: 270 Updated: 11.20.24 Posted: 02.25.24 Status: Active

Summary

Price $5,083,000	Built/Renov 2022	Tenant Chick-fil-A
Cap Rate 4.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 4,484	Lease Start 10-13-2022	#Units 3,059
Price/SF $1,133.59	Expiration 10-31-2042	Tenant Type Fast Casual/Rest.
NOI $241,440	R. Term 17.11	Ownership Fee Simple
Rent/SF $53.84	Increases 10.0%/3/yrs	Pop 5Mi 34,949
Lot/AC 1.24	Options 13/5yrs/10%	AHHI 5Mi $70,671

Lease Highlights

New 2022 construction
Chick-fil-A has 17+ years remaining on the current lease term with 13 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Chick-fil-A is strategically located on South George Nigh Expressway, a major north-south arterial connecting route, with access to 25,700 vehicles passing by daily. This prime location is further enhanced by limited competition, being the sole Chick-fil-A within a 50-mile radius. Additionally, the property serves as an outparcel to the Shops at McAlester, a retail center hosting national...

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Key Features

New construction
Near major nationals
Shopping Ctr out-parcel
Strategically located
Highway close
Top 100 MSA
Long 20+ yr lease
Absolute NNN
Limited competition
Corporate Guarantee

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Links

Chick-fil-A Wikipedia Chick-fil-A Wikipedia McAlester, Oklahoma Zip Code 74501 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Chick-fil-A
Guarantor:Corporate
Company:Chick-fil-A Inc.
# Units:3,059
Stock:Private

About Tenant

Chick-fil-A is one of the largest American fast-food restaurant chains, and the largest specializing in chicken sandwiches. Chick-fil-A was first opened in 1946 in Atlanta, Georgia, under the...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,488	11,823	22,192
2023 Total Population :	2,520	12,035	22,487
2023 Employed Civilian Pop :	1,166	5,406	8,896
2023 Total Businesses :	113	928	1,206
2023 Average Household Income :	$ 103,156	$ 70,008	$ 66,936
2023 Total Consumer Spending :	$ 86 M	$ 311 M	$ 512 M
2023 Median Age :	49	41	40
2023 Total Households :	987	5,080	8,687
2023 Pop Age 25+: Bachelor's Degree :	399	1,313	2,157
2023 Average Home Value :	$ 235,500	$ 177,972	$ 165,757

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
South George Nigh Expressway	S 14th St	2021	32,000	0.10 mi
South 14th Street	St Andrews Way	2021	790	0.32 mi
Hardy Springs Road	Hardy Springs Cir	2021	4,400	0.49 mi
South George Nigh Expressway	S 9th St	2021	27,600	0.60 mi
McArthur Lane	Belmont Dr	2021	650	0.79 mi
Oklahoma Avenue	Dave Dr	2021	990	0.87 mi
South 14th Street	Illinois Ave	2021	1,000	1.05 mi
Oklahoma Avenue	Edgewood Dr	2021	1,100	1.14 mi
	Swallow Dr	2021	6,700	1.14 mi
	Tennessee Ave	2021	1,100	1.15 mi

Listing Broker

Vahe Nokhoudian

Fisher James Capital

Contact

24 Listings
2387 Views
4 Sold

Putnam Daily

Fisher James Capital

Contact

91 Listings
10191 Views
23 Sold

Vahe Nokhoudian

Fisher James Capital is based in San Francisco with partners in Silicon Valley and the East Bay. Specializing in leased investment brokerage, the partners represent private and institutional capital clients on the disposition and acquisition of single and multi-tenant commercial properties nationwide. This multi-market approach works to align capital into sound investments with a specific strategy positioning newly constructed properties to passive investors.

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Putnam Daily

Putnam Daily is the Managing Partner at Fisher James Capital and provides services to private and institutional capital clients on the disposition and acquisition of leased investment properties. Putnam has extensive experience representing developers, owners, and private capital clients on the sale of single and multi-tenant commercial properties nationwide; with a focus on newly constructed retail, industrial, and medical opportunities, he has completed nearly $8 billion in transactions total

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