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McAlister’s Deli, Quincy, IL

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
Executive Managing Director
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Managing 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

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).

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