McAlister’s Deli – Corporate Guaranty,
Pascagoula, MS Investment Summary
| Price | $2,646,000 |
| Cap Rate | |
| NOI | |
| 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 | 1.75% Annual Rental Increases |
| Year Built | Q4 2019 |
| Building Size | 3,188 SF |
| Lot Size | 1.28 Acres (55,757 SF) |
| Status | Sold |
| Lead Brokers | Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 |
Investment Highlights
20-YEAR CORPORATE ABSOLUTE NNN LEASE WITH SCHEDULED RENTAL INCREASES
» Guaranteed by Focus Brands Inc. (over 6,000 locations in 50 countries)
» 20-year initial term, plus three five-year options
» No landlord management, ideal for an out-of-area investor
» 1.75 percent annual rental increases, providing a hedge against inflation
CENTRAL LOCATION NEAR LARGE EMPLOYERS AND RECREATION AREAS
» Across from the Singing River Health System (390 beds, 2,500 employees, $270 million annual economic impact)
» Surrounded by national retailers like Lowe’s Home Improvement, Wendy’s, Pizza Hut, Popeye’s, Office Depot, McDonald’s, Dairy Queen, and much more
» Within two miles of 15 apartment complexes and nine schools
» Easy accessibility to the Gulf of Mexico, Krebs Lake, Pascagoula River, Grand Bay Savannah Coastal Preserve, Bangs Lake, and Pascagoula Bay
NEW 2019 CONSTRUCTION
» Features latest McAlister’s Deli prototype
» Includes drive-thru pick-up window for take-out orders made online or via phone
Property Description
SOLD
The property is conveniently located on Hospital Road, an outlet road for Denny Avenue, with excellent visibility and access to 10,000 vehicles per day in front of the site. The property is centrally located near large employers and recreation areas. Visibility is increased by the site within walking distance of Pascagoula’s primary health care provider, Singing River Health System (390 beds, 2,500 employees, $270 million annual economic impact). The location is also minutes from some of the most popular recreational attractions in the region, including the Gulf of Mexico, Krebs Lake, Pascagoula River, Grand Bay Savannah Coastal Preserve, Bangs Lake, and Pascagoula Bay.
The site benefits from its location in a highly populated residential area, as it is within two miles of 15 apartment complexes and nine schools. Located in a dense retail corridor, the property is 1.5 miles from a Walmart Supercenter-anchored shopping plaza that features notable tenants like Big Lots, Hibbett Sports, AT&T, T-Mobile, GNC, and GameStop. The property is surrounded by several other major retailers, including Lowe’s Home Improvement, Wendy’s, Taco Bell, Pizza Hut, Popeye’s, KFC, Office Depot, Hardee’s, Burger King, McDonald’s, Dairy Queen, Krystal, and many more.
