x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

McAlister’s Deli, West Monroe, LA

McAlister’s Deli

West Monroe, LA

Price $3,236,000
Cap Rate 5.50%
NOI $177,950
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 2021
Building Size 3,122 SF
Lot Size 1.5 Acres (65,338 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

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, 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

EASILY ACCESSIBLE LOCATION IN HIGHLY POPULATED AREA
» 79,148 residents within a five-mile radius of the property
» Easily accessibly location near the signalized four-way intersection of McMillan Road and Thomas Road (32,515 AADT)
» Beneficial proximity to highly trafficked Louisiana thoroughfares, including Interstate 20 (80,748 AADT) and Cypress Street (18,910 AADT)
» Excellent location in a major commuter corridor, with close proximity to several high-density single-family developments
» Projected nine percent average annual household income increase within five miles of the site in the next five years, poising McAlister’s Deli and West Monroe for concurrent growth

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Relocation from a highly successful site across the street, ensuring a strong existing customer base for the property
» Property is shadow-anchored by West Monroe Plaza, which features Big Lots, Hobby Lobby, Office Depot, and more
» Across the street from Glenwood Regional Medical Center, one of West Monroe’s largest employers (278 beds, 1,156 employees) and part of the Steward Health Care System, the largest private, tax-paying physician-led health care network in the U.S.
» Glenwood offers comprehensive healthcare services, including emergency care, heart care, advanced surgical procedures, diagnostic imaging, maternity care, rehabilitation services, and help for a broad range of medical conditions
» Surrounded by a strong mix of well-established national tenants in a dense retail corridor, including Walmart Supercenter, Harbor Freight Tools, Academy Sports + Outdoors, McDonald’s, Cracker Barrel, Chick-fil A, and many more

NEW 2021 CONSTRUCTION
» Features latest McAlister’s Deli prototype
» Includes drive-thru pick-up window for take-out orders made online or via phone



Property Description

Road, with visibility and access to 32,515 vehicles per day. The site also maintains beneficial access to highly trafficked Louisiana thoroughfares, including Interstate 20 (80,748 AADT) and Cypress Street (18,910 AADT). The property benefits from its central location in a highly populated area, with 79,336 residents living within a five-mile radius of the location. The site maintains an excellent location in a major commuter corridor, with close proximity to several high-density single family developments. With a projected nine percent average annual household income increase within five miles of the site in the next five years, McAlister’s Deli and West Monroe are poised for concurrent growth.

The site benefits from its location near large employers, retailers, and community hubs. The site is a relocation restaurant from a highly successful site across the street, ensuring a strong existing customer base. The location is shadow-anchored by West Monroe Plaza, which features Big Lots, Hobby Lobby, Office Depot, and more. The site is across the street from Glenwood Regional Medical Center, one of West Monroe’s largest employers (278 beds, 1,156 employees) and part of the Steward Health Care System, the largest private, tax-paying physician-led health care network in the U.S. Glenwood offers comprehensive healthcare services, including emergency care, heart care, advanced surgical procedures, diagnostic imaging, maternity care, rehabilitation services, and help for a broad range of medical conditions. The property is also surrounded by a strong mix of national tenants in a dense retail corridor, including Walmart Supercenter, Harbor Freight Tools, Academy Sports + Outdoors, McDonald’s, Cracker Barrel, Chick-fil-A, and many more.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link