McAlester, OK - Joe Hudson's Collision Center

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Joe Hudson’s Collision Center investment property located in McAlester, Oklahoma. The tenant, Joe Hudson’s Collision Center, Inc recently signed a brand new 10 year lease with
4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 3% annual rental increases throughout the initial term and throughout each option period, steadily growing NOI and hedging against inflation. The lease is NN with the landlord responsible for only roof and structure making it an ideal, low management investment opportunity for an out of state investor.

The Joe Hudson’s Collision Center is located on the hard corner intersection of S George Nigh Expy and US Highway 69 with a combined (32,000 VPD). US Highway 69, is the major retail thoroughfare serving the city of McAlester. The Joe Hudson’s Collision Center is nearby to a Hobby Lobby Anchored Center and Fenton Nissan Car Dealership that also features national/credit tenants nearby including Ross Dress for Less, Bealls, Ollie’s Bargain Outlet, Five Below, T.J. Maxx, Chick Fil A, Starbucks, and more. The property is in proximity to a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Lowes, Tractor Supply, Bath & Body Works,, Dollar Tree, Hibbett Sports, Chilis, Arby’s, Pizza Hut, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 22,140 with an average household income of $69,472.