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McAlister’s Deli Sale-Leaseback, Sulphur Springs, TX

McAlister’s Deli Sale-Leaseback, Sulphur Springs, TX


Investment Summary

Price $2.275,000
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 2023
Building Size 3,000 SF
Lot Size 0.778 acres (33,880 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

RARE 20-YEAR ABSOLUTE NNN SALE-LEASEBACK WITH SCHEDULED RENTAL INCREASES
» 20-year absolute NNN sale-leaseback, plus two (2) five-year options
» No landlord management, ideal for an out-of-area investor
» 8% rental increases every five (5) years, providing a stable long-term income generator
» 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
» 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 OUTPARCEL LOCATION JUST OFF I-30 WITH ACCESS TO 36,620 VPD
» Outparcel to a Harbor Freight Tools and Bealls-anchored shopping center, positioning the site to capture significant crossover buyer activity
» High-visibility and easily accessible location on Shannon Road East, the on-ramp to Interstate 30 which circumnavigates all of Sulphur Springs, with access to 36,620 vehicles per day
» Located just down the street from Walmart Supercenter and Lowe’s shopping centers, driving significant traffic into the area
» Surrounded by national brand retail tenants including Chick-fil-A, Starbucks, Whataburger, Popeyes, Jack in the Box, Sonic Drive-In, Harbor Freight Tools, Aaron’s, Bealls, Family Dollar, Taco Bell, Wendy’s, Dollar General, AutoZone, and many others.
» Walking distance from Bowie Primary School, servicing 317 students

CENTRAL LOCATION IN AN AFFLUENT TEXAS COMMUNITY
» 18,711 residents live within five miles of the site, creating a stable customer base for the property
» Average annual household income of $82,514 within one 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 Sulphur Springs for steady concurrent growth.
» Centrally located near several Sulphur Springs schools and community hubs, including Sulphur Springs High School (1,230 students), Sulphur Springs Elementary School (621 students), Bowie Primary School (317 students), Buford Park, Lake Coleman, Coleman Park, and many others
» Surrounded by single family residential housing developments

2023 CONSTRUCTION TO LATEST MCALISTER’S DELI PROTOTYPE
» 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 has a high-visibility and easily accessible location on Shannon Road East, the on-ramp to Interstate 30, which circumnavigates all of Sulphur Springs with access to 36,620 vehicles per day
» The property is located just down the street from Walmart Supercenter and Lowe’s shopping centers, driving significant traffic into the area
» The site is surrounded by national brand retail tenants including Chick-fil-A, Starbucks, Whataburger, Popeyes, Jack in the Box, Sonic Drive-In, Harbor Freight Tools, Aaron’s, Bealls, Family Dollar, Taco Bell, Wendy’s, Dollar General, AutoZone, and many others
» This property boasts an average annual household income of $82,514 within one 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 Sulphur Springs for steady concurrent growth
» Centrally located near several Sulphur Springs schools and community hubs including Sulphur Springs High School (1,230 students) Sulphur Springs Elementary School (621 students), Bowie Primary School (317 students), Buford Park, Lake Coleman, Coleman Park and many others

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