McAlister’s Deli
Quincy, IL
| Price | $1,908,000 |
| Cap Rate | 6.50% |
| NOI | $124,000 |
| Lease Term | 15 Years (14 Years Remaining) |
| Lease Type | Absolute NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot |
| Rental Increases | 7% Rental Increases Every Five (5) Years |
| Year Built | 2019 |
| Building Size | ±3,188 SF |
| Lot Size | 1.02 Acres (44,602 SF) |
| Status | Available |
| Lead Broker Information | 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 Executive Managing Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Managing Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
14-YEAR ABSOLUTE NNN GUARANTEED LEASE WITH SCHEDULED RENTAL INCREASES
» Long-term, plus three (3) five-year options
» No landlord management, ideal for an out-of-area investor
» 7% rental increases every five (5) years, providing a hedge against inflation
» The McAlister’s brand has over 420 restaurants in 28 states
EASILY ACCESSIBLE LOCATION IN HIGHLY POPULATED AND AFFLUENT AREA
» 47,056 residents within a five-mile radius of the property
» Easily accessibly location along State Route 104/Broadway Street (17,200 AADT)
» Average annual household income of $93,303 within a three-mile radius of the property
» Immediate access to Interstate 172, a major north-south thoroughfare traversing the entirety of Quincy
» Projected 11 percent average annual household income increase within one mile of the site in the next five years, poising McAlister’s Deli and Quincy for significant concurrent growth
CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Beneficial proximity to Quincy’s largest employers, including Knapheide Manufacturing, Titan International, and Phibro Animal Health (combined 3,300 employees)
» Surrounded by a strong mix of well-established national tenants in a dense retail corridor, including Walmart Supercenter, Lowe’s, T.J. Maxx, DICK’S Sporting Goods, Kohl’s, and many more
» Three miles from John Wood Community College (2,390 students, 562 employees)
» 4.5 miles from Blessing Hospital (307 beds, 3,088 employees)
» Central location in the Quincy Public School District (10 schools, 6,493 combined students)
UPGRADED 2019 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 an easily accessible location along State Route 104/Broadway Street, with visibility and access to 17,200 vehicles per day. The site also maintains immediate access to Interstate 172, a major north south thoroughfare traversing the entirety of Quincy (7,000 AADT). The property benefits from its central location in a highly populated area, with 47,056 residents living within a five-mile radius of the location. The site also has a beneficial location in an extremely affluent area, with an average annual household income of $93,303 within a three-mile radius of the property. With a projected 11 percent average annual household income increase within one mile of the site in the next five years, McAlister’s Deli and Quincy are poised for significant concurrent growth.
The site benefits from its location near large employers, retailers, and community hubs. The property maintains a beneficial proximity to Quincy’s largest employers, including Knapheide Manufacturing, Titan International, and Phibro Animal Health (combined 3,300 employees). Traffic to the site is increased by its proximity to nearby John Wood Community College (2,390 students, 562 employees) and Blessing Hospital (307 beds, 3,088 employees). The location is surrounded by a strong mix of well established national tenants in a dense retail corridor, including Walmart Supercenter, Lowe’s, T.J. Maxx, DICK’S Sporting Goods, Kohl’s, and many more. The site experiences increased traffic from its centralized location in the Quincy Public School District (10 schools, 6,493 combined students).
