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33840742
33840743

1102 South George Nigh Expressway, McAlester, OK 74501

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale
$2,560,000
9 days on market
Updated 9 days ago

FREDDY’S (74 UNIT GUARANTY) – MCALESTER, OK

Details
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 3,520
Cap Rate 6.25%
NOI $160,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 12/31/2044
Rent Bumps Yes
Lease Options Four 5-Year Renewal Options
Year Built 2024
Acreage 2.000
Zoning C
Investment Type Net Lease
Lease Commencement 12/10/2024
Ground Lease No
Ownership Fee Simple (Building & Land)

Retail | 6.25% CAP | 3,520 SqFt

Marketing description

Freddy’s has 18 years remaining on initial 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew. The Tenant, Ram-Z Custard, LLC is an experienced multi-concept owner/ operator with 42 Freddy’s restaurants (including those currently under construction) making it the 6th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country and 7 Popeyes locations in Alabama (83 TOTAL UNIT GUARANTY). **All units back the performance of the lease!*

The Asset is Situated on a very large ±2.0-acre lot with excellent visibility/access on US-69/George Nigh Expy (main north/south thoroughfare in McAlester with with traffic counts of 23,767 CPD! Pad site to a Hobby Lobby Anchored Shopping Center with key tenants such as T.J. Maxx, Ross, Ollie’s Bargain Outlet, Bealls & Five Below; nearby retailers include Walmart, Lowe’s, Shoe Dept., Tractor Supply, Atwoods, Cato Fashions, Harbor Freight, True Value, Petsense, Pruett’s Food, Dollar Tree, Dollar General, Family Dollar, Apex Cinema; Dining options include Starbucks, Chick-Fil-A, McDonald’s, Wendy’s, Sonic Drive-In, Taco Bell, Chili’s Grill & Bar, Pizza Hut, Little Caesars, Rib Crib, Subway, and Braum’s Ice Cream. There are 6 public schools in McAlester (1 Pre-K, 3 elementary, 1 middle and 1 high schools) serving 2,987 students; 3.5 miles from McAlester Regional Hospital - a 149-bed public trust health care facility serving Pittsburg County & surrounding areas; Less than 4 miles from Saint Francis Children’s Physicians Pediatrics - provides comprehensive pediatric primary care for children with 162 beds.

Investment highlights

  • LONG-TERM LEASE: 18 years remaining on initial 20-YEAR ABSOLUTE NNN LEASE with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
  • TENANT | GUARANTORS: Ram-Z Custard, LLC is an experienced multi-concept owner/ operator with 42 Freddy’s restaurants (including those currently under construction) making it the 6th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country and 7 Popeyes locations in Alabama (83 TOTAL UNIT GUARANTY). **All units back the performance of the lease!**
  • BRAND NEW CONSTRUCTION: Well-positioned on a pad site to a newly constructed Hobby Lobby/Ross/T.J. Maxx Anchored Retail Center
  • TRAFFIC COUNTS: Situated on a very large ±2.0-acre lot with excellent visibility/access on US-69/George Nigh Expy (main north/south thoroughfare in McAlester with with traffic counts of 23,767 CPD!
  • 2025 AFFLUENT DEMOGRAPHICS: Total Population (5MI): 21,165 | Average Household Income (1MI): $113,284

Listing Contacts

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale

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Loan Amount
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$160,000.00
$13,333.33/mo

Valuation Metrics

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DSCR
6.25%
Cap Rate
6.25%
ROI

Map

Zoning

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C-5 CommercialSpecial CommercialHighway And Commercial Recreation
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Last updated Dec 16, 2025 For deeper zoning details, reports are available at Zoneomics

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