McAlister’s Deli Sale-Leaseback,
Shawnee, OK Investment Summary
| Price | $2,686,000 |
| Cap Rate | 5.25% |
| NOI | $141,000 |
| 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 | 5% Rental Increases Every Five (5) Years and in Option Periods |
| Year Built | 2008 |
| Building Size | 3,968 SF |
| Lot Size | 1.10 Acres (47,916 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 Managing 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 LEASE WITH SCHEDULED RENTAL INCREASES
» 20-year initial term, plus two 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 United States
» No landlord management, ideal for an out-of-area investor
» 5% rental increases every five years, providing a hedge against inflation
HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Conveniently located on North Kickapoo Avenue (16,590 vehicles per day), with immediate access and visibility to U.S. Interstate 40 (32,692 vehicles per day)
» One mile from Shawnee Mall (455,420 SF of retail space and 60 stores)
» Across the street from ALDI and CVS Pharmacy, increasing visibility to the site
» Surrounded by national retailers like Walmart Supercenter, Chick-fil-A, Starbucks, Taco Bell, McDonald’s, Lowe’s Home Improvement, Hobby Lobby, Burger King, and others
» Within two miles of nine hotels
CENTRALLY LOCATED NEAR LARGE EMPLOYERS, SCHOOLS, AND COMMUNITY HUBS
» Minutes from SSM Health St. Anthony Hospital (102 beds, 610 employees)
» Near large schools including Oklahoma Baptist University (1,900+ students), Shawnee High School (1,300+ students), and Shawnee Middle School (700+ students)
» Three miles from the Heart of Oklahoma Exposition Center with indoor and outdoor arenas seating 8,500 people and with 152,400 SF of exhibition space
Property Description
SOLD
The property is conveniently located on North Kickapoo Avenue with excellent visibility and access to 16,590 vehicles per day directly in front of the property. The site benefits from its immediate proximity to Interstate 40, which experiences 32,900 AADT. The property is centrally located near large employers and recreation areas. Visibility is increased by the site being minutes from Shawnee’s primary health care provider, SSM Health St. Anthony Hospital (102 beds, 610 employees). The property is also across the street from ALDI and CVS Pharmacy, improving visibility to the site.
Located in a dense retail corridor, the site is surrounded by national retailers like Walmart Supercenter, Chick fil-A, Starbucks, Taco Bell, McDonald’s, Lowe’s Home Improvement, Hobby Lobby, Burger King, and many more. The location is one mile from Shawnee Mall, a major shopping area that features 455,420 SF of retail space and 60 stores, including anchor-tenants Dillard’s, Dunham’s Sports, J.C. Penney, and JOANN Fabrics and Crafts. The property also benefits by being minutes from large schools such as Oklahoma Baptist University (1,900+ students), Shawnee High School (1,300+ students), and Shawnee Middle School (700+ students). Lastly, The Heart of Oklahoma Exposition Center with indoor and outdoor arenas (seats 8,500 people and has 152,400 SF of exhibit space) is within minutes of the property.
