x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Contact Us

x

Phone: 916-403-1812

Email: McKenney.Houck@cushwake.com

Or contact us using the form below.


McAlister’s Deli, Grand Blanc, MI

McAlister’s Deli, Grand Blanc, MI


Investment Summary

Price $2,913,000
Cap Rate 5.75%
NOI $167,500
Lease Term 20 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, maintenance, including roof, structure, and parking lot
Rental Increases Scheduled 1.75% annual rental increases in initial term and option periods
Year Built 2023
Building Size 3,212 SF
Lot Size 0.88 acres (38,202 SF)
Status Available
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
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

RARE 20-YEAR ABSOLUTE NNN LEASE WITH A CORPORATE GUARANTY
» 20-year initial term, plus three (3) five-year options
» No landlord management, ideal for an out-of-area investor
» 1.75% rental increase every year, providing a stable long-term income generator
» Guaranteed by Focus Brands, LLC, a leading developer of global multi-channel food service brands ($3.9B in revenue)
» The McAlister’s brand has over 560 restaurants in 29 states and has been awarded numerous industry accolades for its service, atmosphere, and customer satisfaction

PRIME HARD CORNER LOCATION IN DOWNTOWN GRAND BLANC
» High-visibility and easily accessible location at the signalized intersection of Saginaw Road and Reid Road, combining for 42,012 vehicles per day
» Prominent location in Downtown Grand Blanc surrounded by major national retailers including Walmart Supercenter, ALDI, Starbucks, Kohl’s, Kroger, Sam’s Club, Panera Bread, Wendy’s, Burger King, Tim Hortons, QDOBA, and several others
» Less than one mile from Grand Bland High School (2,500+ students and faculty) and Indian Hill Elementary School (530 students)
» Less than five miles from Ascension Genesys Hospital (2,400+ employees and 353 staffed beds)

CENTRAL LOCATION IN A DENSELY POPULATED AND AFFLUENT MICHIGAN SUBURB
» Surrounded by dense residential neighborhoods and single-family housing developments, establishing a strong and stable customer base for the site
» 85,106 residents live within five miles of the site
» The average household income within five miles of the property is projected to increase by 15% in the next five years, poising Grand Blanc and McAlister’s Deli for strong concurrent growth
» Gateway to Flint, Michigan, the fourth-largest metropolitan area in Michigan with a population of 406,892

BRAND NEW 2023 CONSTRUCTION TO LATEST MCALISTER’S DELI PROTOTYPE
» Features latest McAlister’s Deli prototype
» Located within the Central Business District, which requires upgraded construction for all buildings
» Includes drive-thru pick-up window for take-out orders made online or via phone

Property Description

» High-visibility and easily accessible location at the signalized intersection of Saginaw Road and Reid Road, combining for 42,012 vehicles per day
» Prominent location in Downtown Grand Blanc surrounded by major national retailers including Walmart Supercenter, ALDI, Starbucks, Kohl’s, Kroger, Sam’s Club, Panera Bread, Wendy’s, Burger King, Tim Hortons, QDOBA, and several others.
» Less than one mile from Grand Bland High School (2,518 students and faculty) and Indian Hill Elementary School (530 students)
» Within five miles of Ascension Genesys Hospital (2,400+ employees and 353 staffed beds)
» Surrounded by dense residential neighborhoods and single-family housing developments, establishing a strong and stable customer base for the site
» 85,106 residents live within five miles of the site
» The average household income within five miles of the property is projected to increase by 15% in the next five years, poising Grand Blanc and McAlister’s Deli for strong concurrent growth
» Gateway to Flint, Michigan, the fourth-largest metropolitan area in Michigan with a population of 406,892 in 2020

Download OM Form

x
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link