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600 S George Nigh Expy, McAlester, OK, 74501

Popeyes
$2,601,600

Key Information

Cap Rate
6.25%
Tot. SF
2,350
Year Built
2025
Term Remaining
±25 YRS
Type
Retail
NOI
$162,600

Highlights

  • 2025 Built-to-suit construction for Popeyes
  • EXTREMELY RARE 25 year ABS NNN lease with ZERO landlord responsibilities
  • 10% increases every 5 years in the base term & options
  • 5 mile population in excess of 21,474 residents
  • Subject property is strategically located on hard corner outparcel to a Lowes anchored shopping center and adjacent to a Walmart Supercenter center with Hwy 69 frontage which sees over 26,800 VPD
  • Nearby national tenants include Lowes, Wendy’s, Subway, Dollar Tree, Exxon, Pizza Hut, Tractor Supply Co., KFC, Chilli’s, and many more
  • Popeyes is a globally recognized fast-food chain with over 3700 locations
  • Guarantor is an experienced franchisee with over 40 years of experience and currently operates 8 Popeyes and 16 IHOP locations
  • Franchisee is actively expanding their portfolio with development rights to 30 locations in Oklahoma

Nearby McAlester QSR Store Sales*:

  • Chick-Fil-A: $7,847,451
  • KFC: $2,380,259
  • McDonald’s: $6,060,617
  • Sonic: $2,190,018
  • Starbucks: $3,662,463
  • Taco Bell: $2,906,848
  • Wendy’s: $2,082,371
  • *According to Placer.AI

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # 180759 (OK)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203