McAlister’s Deli,
Natchitoches, LA Investment Summary
| Price | $2,952,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 20 Years |
| Lease Type | Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot |
| Rental Increases | 1.75% Annual Rental Increases |
| Year Built | 2021 |
| Building Size | 3,122 SF |
| Lot Size | 1.5 Acres (65,338 SF) |
| 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
20-YEAR ABSOLUTE NNN GUARANTEED LEASE WITH ANNUAL RENTAL INCREASES
» Guaranteed by Focus Brands, Inc., a leading developer of global multi channel foodservice brands ($3.4 billion in revenue and over 6,000 locations in 50 countries)
» New 20-year absolute NNN lease
» Three (3) option periods of five (5) years each
» No landlord management, ideal for an out-of-area investor
» 1.75 percent annual rental increases, providing a hedge against inflation
EASILY ACCESSIBLE LOCATION IN A POPULOUS AND GROWING AREA
» 24,064 residents live within a five-mile radius of the property
» Easily accessible location along State Route 494/Keyser Avenue (21,910 AADT)
» Excellent location in a major Natchitoches commuter corridor, with close proximity to several high-density single family developments
» Projected nine percent average annual household income increase within five miles of the site in the next five years, poising McAlister’s Deli and Natchitoches for concurrent growth
CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Property is shadow-anchored by the only Walmart Supercenter location within 36 miles
» Two miles from Northwestern State University (9,002 students, 729 employees), attracting significant regular traffic to the site
» One mile from Natchitoches Regional Medical Center (208 beds, 750 employees), the largest employer in all of Natchitoches
» Surrounded by a strong mix of well-established national tenants in a dense retail corridor, including Whataburger (under construction), Hobby Lobby, Hibbett Sports, Dollar Tree, Walgreens, Dollar General, Burger King, Pizza Hut, and many more
NEW 2021 CONSTRUCTION
» Features latest McAlister’s Deli prototype
» Includes a dual-lane 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 State Route 494/Keyser Avenue, with visibility and access to 21,910 vehicles per day. The site benefits from its central location in a populous area, with 24,064 residents living within a five-mile radius of the location. The property maintains an excellent location in a major commuter corridor, with close proximity to several high-density single-family developments. With a projected nine percent average annual household income increase within five miles of the site in the next five years, McAlister’s Deli and Natchitoches are poised for concurrent growth.
The site benefits from its location near large employers, retailers, and community hubs. The property is shadow-anchored by the only Walmart Supercenter location within 36 miles, ensuring a strong existing customer base for the property. The location is also two miles from Northwestern State University (9,002 students, 729 employees), attracting significant regular traffic to the site. The location is one mile from Natchitoches Regional Medical Center (208 beds, 750 employees), the largest employer in all of Natchitoches, and is surrounded by a strong mix of national tenants in a dense retail corridor, including Whataburger (under construction), Hobby Lobby, Hibbett Sports, Dollar Tree, Walgreens, Dollar General, Burger King, Pizza Hut, and many more.
