McAlister’s Deli,
Cleburne, TX Investment Summary
| Price | $2,100,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 20 Years |
| Lease Type | Absolute NNN Sale-Leaseback, With Tenant Responsible For All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot |
| Rental Increases | 5% Rental Increases Every Five (5) Years |
| Year Built | 2020 |
| Building Size | 2,709 SF |
| Lot Size | Call For Details |
| Status | Sold |
| Lead Brokers | Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
LONG-TERM ABSOLUTE NNN SALE-LEASEBACK WITH SCHEDULED RENTAL INCREASES
» 20-year initial term, plus two (2) five-year options
» Leased to The Saxton Group, the largest McAlister’s Deli franchisee, with over 80 McAlister’s Deli locations
» The Saxton Group has been ranked by Restaurant Finance Monitor as one of the 100 largest franchisees of any brand in the U.S.
» No landlord management, ideal for an out-of-area investor
» 5% rental increases every five years, providing a hedge against inflation
HIGH-TRAFFIC LOCATION ALONG CLEBURNE’S MAIN THOROUGHFARE
» Excellent visibility along U.S. Business Highway 67/West Henderson Street (26,371 VPD)
» Cross-parcel access to Starbucks, promoting crossover shopping to the location
» Near major national tenants including Walmart Supercenter, H-E-B, Kroger, Big Lots, Tractor Supply Company, Chick-fil-A and many more
» 36,651 residents within a five-mile radius
NEAR MAJOR SCHOOLS AND EMPLOYERS
» Minutes from Cleburne High School, AD Wheat Middle School, Lowell Smith Middle School, Gerard Elementary School, and Coleman Elementary School (4,600 students combined)
» Located 15 minutes southeast of a Walmart Distribution Center (916 employees)
» Within 2.5 miles of Downtown Cleburne, Cleburne Regional Airport, and Texas Health Harris Methodist Hospital (137 beds, 413 employees)
2020 CONSTRUCTION IN AN INCOME TAX FREE STATE
» Features latest McAlister’s Deli prototype
» New building, limiting near-term deferred maintenance or capital costs
» Includes drive-thru pick-up window for take-out orders made online or via phone
Property Description
SOLD
The property has an easily accessible location along U.S. Business Highway 67/West Henderson Street, with visibility and access to 26,371 vehicles per day. The property benefits from its central location in a highly populated area, with 36,651 residents living within a five-mile radius of the location. The site also maintains an excellent location in a major commuter corridor centrally located between Downtown Cleburne and U.S. Highway 67.
The site benefits from its location near large employers, retailers, and community hubs. The site is within minutes of Cleburne High School, AD Wheat Middle School, Lowell Smith Middle School, Gerard Elementary School, and Coleman Elementary School (4,600 students combined). The property features cross-parcel access to a high-volume Starbucks location, greatly increasing traffic and visibility to the site. The location is also within 2.5 miles of Downtown Cleburne, Cleburne Regional Airport, and Texas Health Harris Methodist Hospital (137 beds, 413 employees), and is surrounded by a strong mix of national tenants in a dense retail corridor, including Walmart Supercenter, H-E-B, Kroger, Big Lots, Tractor Supply Company, Chick-fil-A and many more.
