McAlister’s Deli,
Shawnee, KS Investment Summary
| Price | $3,725,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 20 Years With 13+ Years Remaining |
| Lease Type | Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot |
| Rental Increases | 8% Rental Increases Every 5 Years |
| Year Built | 2016 |
| Building Size | 4,100 SF |
| Lot Size | 0.98 Acres (42,689 SF) |
| Status | Sold |
| Lead Brokers | Michael T. Yuras, CCIM Vice Chairman 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Managing Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Vincent Aicale Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
LONG-TERM NNN LEASE WITH SCHEDULED RENTAL INCREASES
» Long-term lease guaranteed by The Saxton Group, the largest McAlister’s Deli franchisee, with over 80 McAlister’s Deli locations and $1.55 billion in sales
» No landlord management, ideal investment for an out-of-area investor
» Rental increases of 8% every five years during initial term and option periods, providing a hedge against inflation
HIGH-TRAFFIC LOCATION IN RETAIL CORRIDOR
» Located at signalized intersection with excellent visibility and access to 44,935 vehicles per day
» Easy access to Interstate 35, the main highway connecting Shawnee to Downtown Kansas City, with 153,000 vehicles per day
» Surrounded by major national retailers, restaurants, and service providers
» Close proximity to Oak Park Mall, the largest mall in Kansas and the Kansas City MSA
IRREPLACEABLE INFILL LOCATION IN RAPIDLY GROWING AREA WITH ROBUST DEMOGRAPHICS
» Shawnee is the third fastest growing city in Kansas and the Kansas City MSA
» Located in the most populous county in Kansas
» Johnson County has the highest median household income and highest per-capita income in Kansas
» Population of 205,715 within a five-mile radius of the property
Property Description
SOLD
The property is located at the signalized intersection of Flint Street and Shawnee Mission Parkway, with excellent access and visibility to 44,935 vehicles per day. Shawnee Mission Parkway is a major thoroughfare that connects the main cities included in the Shawnee Mission mailing address. Access to Interstate 35 is just over a mile from the property, with an average traffic count of 153,000 vehicles per day. Interstate 35 is a major north-south highway and connects Shawnee to Downtown Kansas City. The property is across from Jo-Ann Fabrics, Harbor Freight Tools, Family Dollar, and a Ford dealership, and is surrounded by other national retailers.
Several major retail centers are close to the property. Merriam Village and Merriam Town Center are less than two miles from the property. The shopping plazas feature 35 stores, including multiple big box retailers. Additionally, Oak Park Mall is just over four miles from the property. The largest mall in Kansas and the Kansas City MSA, the mall is home to many retailers that do not have retail locations elsewhere in the Kansas City metropolitan area. Other significant services near the property include Shawnee Mission Northwest High School, which has an enrollment of over 1,656 students, and the 504-bed Shawnee Mission Medical Center.
