Tahlequah, OK - Chick-fil-A

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple (land & building ownership) in an absolute NNN leased, Chick-fil-A investment property located in Tahlequah, Oklahoma. The tenant, Chick-fil-A, recently signed a brand new 15 year lease with 13 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Chick-fil-A is located near the signalized, hard corner intersection of S Muskogee Ave and US Highway 62, combining to average more than 39,200 vehicles passing by daily. S Muskogee Ave is a major retail thoroughfare serving the city of Tahlequah. The property is adjacent to a Cherokee Casino Tahlequah, a 75,000+ SF Casino that features amenities such as a 18-Hole Golf Course as well as meeting and event spaces. The asset is located approximately 1-Mile from a 130,000+ square foot Walmart Supercenter and a 68,000+ square foot shopping center that includes a Reasor’s Supermarket, Dollar General, McDonald’s, Best Western Inn, Holiday Inn Express, and more. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Burger King, Chili’s, Walgreens, Carl’s Jr., Taco Bell, Arby’s, Sonic, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 24,525 and 12,500 employees with an average household income of
$67,495.

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