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McAlister’s Deli Sale-Leaseback, Derby, KS

McAlister’s Deli Sale-Leaseback, Derby, KS


Investment Summary

Price $2,300,000
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 8% rental increases every five (5) years
Year Built 2022
Building Size 3,236 SF
Lot Size 1.06 acres (46,174 SF)
Status Closed
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

LONG-TERM ABSOLUTE NNN SALE-LEASEBACK WITH SCHEDULED RENTAL INCREASES
» 20-year absolute NNN lease plus two (2) five-year renewal options
» Leased to The Saxton Group, one of the largest McAlister’s Deli franchisees, with over 70 McAlister’s Deli locations
» The Saxton Group has been ranked #84 on Franchise Times Restaurant 200 list of franchisees
» No landlord management, ideal for an out-of-area investor
» 8% rental increases every five years throughout the primary term and renewal options

PRIME LOCATION IN RAPIDLY EXPANDING KANSAS RETAIL CORRIDOR
» High-visibility and easily accessible location on North Rock Road, with access to 27,245 vehicles per day directly in front of the site
» Prime location in a rapidly developing retail corridor across the street from a newly constructed ChargePoint EV Charging Station, positioning the site to capture significant commuter traffic
» Across the street from a large shopping center anchored by Target, Ulta, Hobby Lobby, Petco,
TJ Maxx, Ross Dress for Less, and Dillons Marketplace, positioning the site to capture significant crossover buyer activity
» Walking distance from Hampton Inn Wichita Southeast, servicing thousands of visitors a year with 300 guestrooms
» One mile from Rock Regional Hospital, a 89,466 square foot facility with 31 staffed beds and 131 employees

CENTRAL LOCATION IN WICHITA’S LARGEST SUBURB
» 47,864 residents live within five miles of the site, establishing a stable customer base for the site
» High average annual income of $101,531 within a mile of the property
» Projected population and AAHI increases within 1-, 3- and 5 radii over the next five years poise McAlister’s Deli and Derby for steady concurrent growth
» Centrally located near several Derby schools and community hubs including Derby High School (2,177 students), Derby North Middle School (828 students), Derby Hills Elementary School (388 students), Derby Golf & Country Club, Rock River Rapids Aquatic Park, and many others

2022 CONSTRUCTION FEATURING A DEDICATED DRIVE-THRU PICK-UP WINDOW
» Features latest McAlister’s Deli prototype
» Includes drive-thru pick-up window for take-out orders made online or via phone

Property Description

SOLD

» This McAlister’s Deli features a high-visibility and easily accessible location on North Rock Road, with access to 27,245 vehicles per day directly in front of the site
» The property is a prime location in a rapidly developing retail corridor across the street from a newly constructed ChargePoint EV Charging Station, positioning the site to capture significant commuter traffic
» The site is centrally located near several Derby schools and community hubs including Derby High School (2,177 students), Derby North Middle School (828 students), Derby Hills Elementary School (388 students), Derby Golf & Country Club, Rock River Rapids Aquatic Park, and many others
» This location is across the street from a large shopping center anchored by Target, Ulta, Hobby Lobby, Petco, TJ Maxx, Ross Dress for Less, and Dillons Marketplace, positioning the site to capture significant crossover buyer activity
» This McAlister’s Deli is walking distance from Hampton Inn Wichita Southeast, servicing thousands of visitors a year with 300 guestrooms
» A high average annual income of $101,531 within a mile of the property provides an affluent customer base
» Projected population and AAHI increases within 1-, 3- and 5-mile radii over the next five years poise McAlister’s Deli and Derby for steady concurrent growth

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