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McAlister’s Deli, Adrian, MI

McAlister’s Deli

Adrian, MI

Price $2,995,000
Cap Rate 5.00%
NOI $149,733
Lease Term 20 Years
Lease Type Absolute NNN Lease With Tenant Responsible For Taxes, Insurance, And All Maintenance, Including Roof And Structure
Rental Increases 1.75% Annual Rental Increases
Year Built 2021 (Under Construction)
Building Size 2,800 SF
Lot Size 1.23 Acre 53,579 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive 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

20-YEAR ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» 20-year initial term, plus three (3) five-year options
» No landlord management, ideal for an out-of-area investor
» 1.75 percent annual rental increases, providing a hedge against inflation
» Guaranteed by Focus Brands, Inc., a leading developer of global multi-channel foodservice brands ($3.4 billion in revenue)
» The McAlister’s brand has over 500 restaurants in 28 states and has been awarded numerous industry accolades for its service, atmosphere, and customer satisfaction

CENTRAL LOCATION IN POPULOUS AND GROWING RETAIL CORRIDOR
» Hard-corner location at the intersection of South Main Street and Baker Street (15,503+ AADT)
» 36,772 residents live within a five-mile radius
» Beneficial proximity to major Michigan thoroughfares, including U.S. Route 223 (19,003 AADT)
» Excellent location in a major commuter corridor, with proximity to several high density single-family developments
» 2.7 miles from Lenawee County Fairgrounds (4.5 million annual visitors)
» Central location near highly attended Adrian universities and schools, including Siena Heights University and Adrian College (combined 3,780 students, 898 employees)
» Projected 10 percent average annual household income increase within five miles of the site in the next five years, poising McAlister’s Deli and Adrian for concurrent growth

NEW 2021 CONSTRUCTION
» Features latest McAlister’s Deli prototype
» Includes drive-thru pick-up window for take-out orders made online or via phone
» Location includes patio seating for added customer convenience



Property Description

The property has a hard-corner location at the intersection of South Main Street and Baker Street, with high visibility and access to 15,503+ vehicles per day. The property also maintains an excellent location in a major commuter corridor and resides near major Michigan thoroughfares, including U.S. Route 223 (19,003 AADT). The site benefits from its central location in a well-populated area, with 36,772 residents living within a five-mile radius of the property. With a projected 10 percent average household income increase within a five-mile radius of the site in the next five years, McAlister’s Deli and Adrian are poised for steady concurrent growth. The site also benefits from its central Adrian location 2.7 miles from Lenawee County Fairgrounds (4.5 million annual visitors) and near highly attended Adrian universities and schools, including Siena Heights University and Adrian College (combined 3,780 students, 898 employees).

Contact Us About This Property

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