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McAlister’s Deli, Ridgeland, MS

McAlister’s Deli

Ridgeland, MS

Price $2,723,000
Cap Rate 5.50%
NOI $149,750
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 2020
Building Size 3,100 SF
Lot Size ±1.086 Acres (47,306 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 GUARANTEED LEASE WITH ANNUAL 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)
» 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

CENTRAL LOCATION IN HIGHLY POPULATED, AFFLUENT, AND GROWING RETAIL CORRIDOR
» Easily accessibly location along East County Line Road (40,000 AADT)
» Beneficial proximity to Interstate 55, a major north-south thoroughfare traversing the entirety of Ridgeland (119,000 AADT)
» 98,980 residents within a five-mile radius of the property
» Outparcel to Northpark Mall, the largest mall in the Jackson Metro area (120 stores)
» Surrounded by a strong mix of well-established national tenants in a dense retail corridor, including Walmart Supercenter, J.C. Penney, Belk, Dillard’s, Walgreens, Chick-fil-A, and many more
» Average annual household income of $87,838 within five miles of the site
» Five miles from the Ross R. Barnett Reservoir, which two million people visit annually for boating, fishing, water-skiing, and camping
» Nine miles from Downtown Jackson, greatly increasing commuter traffic to the site
» Immediately surrounded by multiple apartment complexes, including Somerset Place Apartments (144 units) and Hampton House Apartments (163 units)
» Projected 10 percent average annual household income increase within five miles of the site in the next five years, poising McAlister’s Deli and Ridgeland 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 30 patio seats for added customer convenience



Property Description

The property has an easily accessible location along East County Line Road, with visibility and access to 40,000 vehicles per day. The site also maintains a beneficial proximity to Interstate 55, a major north-south thoroughfare traversing the entirety of Jackson. The property benefits from its central location in a highly populated area, with 98,980 residents living within a five-mile radius of the location. The site resides in an affluent area as well, with an average annual household income of $87,838 within five miles of the site. The location has a beneficial proximity to Downtown Jackson, greatly increasing commuter traffic to the site. With a projected 10 percent average annual household income increase within five miles of the site in the next five years, McAlister’s Deli and Jackson are poised for concurrent growth.

The site benefits from its location near large employers, retailers, and community hubs. The location is outparcel to Northpark Mall, the largest mall in the Jackson Metro area (120 stores). The property is five miles from the Ross R. Barnett Reservoir, which two million people visit annually for boating, fishing, water-skiing, and camping. The location is surrounded by a strong mix of national tenants in a dense retail corridor, including Walmart Supercenter, J.C. Penney, Belk, Dillard’s, Walgreens, Chick fil-A, and many more. The site also experiences increased traffic from its centralized location surrounded by multiple apartment complexes, including Somerset Place Apartments (144 units) and Hampton House Apartments (163 units).

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