620 George Nigh Expy - Fast Food FOR SALE


Mcalester, OK 74501
$880,338 USD
818-907-4696
620 George Nigh Expy, Mcalester, OK for Sale
$880,338 USD
Fast Food - FOR SALE
1/4
null | 6.5% Cap Rate

620 George Nigh Expy
Mcalester, OK 74501


HIGHLIGHTS

  • Commuter Route Frontage – Property boasts 232 feet of frontage on S George Nigh with 3 access points
  • Longstanding Commitment to Location | Tenant has operated successfully at this location for over 25 years and recently extended for another 7 years
  • Large Parcel | 1.04 acre lot with 65 parking spaces
  • Strong Traffic Counts | Property sees over 28,000 vehicles per day
  • Recession Proof | Property equipped with drive-thru
  • Strong Guarantee from Top Franchisee, Hut Little Rock LLC, which is the largest franchisee operator in the country with over 1,000 units

OVERVIEW

CBRE is pleased to present a Pizza Hut for sale located at 620 S George Nigh Expressway, McAlester, OK . The property includes a 3,580 SF building on an oversized 1.04 ACRE lot and benefits from being situated on S George Nigh Expressway which sees 28,000 vehicles per day. The tenant has been operating successfully at this address for over 28 years and recently signed a new 7-year extension showing a longstanding commitment to this location and market. The property is surrounded by notable retailers such as Walmart, Lowe’s, Tractor Supply, Bath & Body Works, Chili’s, Taco Bell, Travel Lodge, Braum’s, Arby’s and many more. The Lease is backed by Hut Little Rock, LLC, a subsidiary of Flynn Group, the nation’s largest Franchisee Operator, which has 1,000+ units across the United States and 1,300+ worldwide. The Absolute NNN Lease calls for zero landlord responsibilities whatsoever and contains an 8% increase in 2028 and 7.5% increases in the option periods providing a strong hedge against inflation. McAlester, OK is a vibrant city located in Pittsburg County, serving as a regional hub in southeastern Oklahoma. With a population of approximately 18,000 residents, McAlester is known for its rich history, small-town charm, and strategic location along U.S. Highway 69, providing convenient access to major cities such as Tulsa, Oklahoma City, and Dallas.

FOR SALE DETAILS

PRICE

$880,338 USD

PRICE/SF

$246 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

1516-00-000-090-0-090-04

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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