201 E Tamarack Rd - Fast Food FOR SALE


Altus, OK 73521
$5,615,000 USD
510-289-1166
201 E Tamarack Rd, Altus, OK for Sale
$5,615,000 USD
Fast Food - FOR SALE
1/4
null | 4.85% Cap Rate

201 E Tamarack Rd
Altus, OK 73521


HIGHLIGHTS

  • Long-Term Absolute Net Lease: 15-year lease term with zero landlord responsibilities and 10% rent escalations every 5 years
  • Premier Tenant: Chick-fil-A leads the quick-service restaurant industry with the highest average unit volume (AUV) of $9.32 million per location
  • Limited Competition: The only Chick-fil-A within a 50-mile radius, providing strong regional draw
  • Strategic Location: Situated prominently along Altus’s main retail corridor, adjacent to Walmart, Starbucks, and Whataburger
  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,615,000 USD

PRICE/SF

$1,060 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

77

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,017 SF

ZONING

C-2

APN/PARCEL ID

0022-05-002-020-0-036-00

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.