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McAlister’s Deli, Hattiesburg, MS

McAlister’s Deli

Price $2,000,000
Cap Rate 6.00%
NOI $120,000
Lease Term 15 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2007
Building Size 3,200 SF (estimated)
Lot Size 0.94 Acres (40,946 SF)
Status Available
Lead Broker Information 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

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

15-YEAR ABSOLUTE NNN GUARANTEED LEASE WITH SCHEDULED RENTAL INCREASES
» Guaranteed by Focus Brands, Inc., a leading developer of global multi-channel
foodservice brands ($3.4 billion in revenue with over 6,000 locations in 50
countries)
» 15-year initial term, plus three five-year options
» McAlister’s Deli opened in 2007, demonstrating established long-term success at
the location
» 10 percent rental increases every five years, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor

HIGH TRAFFIC LOCATION IN A POPULATED AND GROWING AREA
» Immediate access to U.S. Route 98/Hardy Street, a major east-west Mississippi
thoroughfare (52,000 AADT)
» One mile from Interstate 59 (50,000 AADT) and four miles from U.S. Route 49
(31,000 AADT)
» 66,623 residents within a five-mile radius of the site, establishing a strong
customer base for the location
» Projected 11 percent AAHI increase within five miles of the site in the next five
years, poising Hattiesburg and McAlister’s Deli for significant concurrent growth
» Within a two-mile radius of nine apartment complexes in a growing residential
area

CENTRALLY LOCATED NEAR LARGE EMPLOYERS, SCHOOLS, AND COMMUNITY HUBS
» Surrounded by a strong mix of national retailers, including Walmart Supercenter,
Best Buy, Lowe’s Home Improvement, T.J. Maxx, Hobby Lobby, McDonald’s, Popeyes, Chick-fil-A, Burger King, Target, Kohl’s, and many more
» Across the street from Merit Health Wesley (212 beds, 1,200 employees)
» Two miles from The University of Southern Mississippi (14,554 students, 2,300
employees)
» Central location at the confluence of popular tourist and recreational attractions,
including Shadow Ridge Golf Club and Hattiesburg Zoo (125,000 annual visitors)
» 2.5 miles from Forrest General Hospital, Hattiesburg’s largest employer (547 beds, 2,608 employees)



Property Description

The property is conveniently located at the corner Millbranch Road and Mayfair Road, with immediate access to U.S. Route 98/Hardy Street, a major east-west Mississippi thoroughfare (52,000 AADT). The site benefits from its proximity one mile from Interstate 59 (50,000 AADT) and four miles from U.S. Route 49 (31,000 AADT). Visibility is increased by the site’s location in a densely populated area, with 66,623 residents living within a five-mile radius of the property. The location is also within a two-mile radius of nine apartment complexes in a growing residential area. The property is primed to grow along with the surrounding area, with a projected 11 percent average annual household income increase within five miles of the location in the next five years.

The site benefits from its central location near large employers, schools, and community hubs. The property is surrounded by a strong mix of national retailers, including Walmart Supercenter, Best Buy, Lowe’s Home Improvement, T.J. Maxx, Hobby Lobby, McDonald’s, Popeyes, Chick-fil-A, Burger King, Target, Kohl’s, and many more. The location benefits from being across the street from Merit Health Wesley (212 beds, 1,200 employees) and two miles from The University of Southern Mississippi, which features 14,554 students and 2,300 employees. The site has a beneficial location at the confluence of popular tourist and recreational attractions, including Shadow Ridge Golf Club and Hattiesburg Zoo (125,000 annual visitors). The site is also 2.5 miles from Hattiesburg’s largest employer, Forrest General Hospital (547 beds, 2,608 employees).

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