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McAlister’s Deli, Oxford, MS

McAlister’s Deli

Oxford, MS

Price $2,982,000
Cap Rate 5.50%
NOI $164,000
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 3,200 SF
Lot Size ±.64 Acres (27,878 SF)
Status Under Contract
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
» 38,379 residents within a five-mile radius of the property
» One mile from Interstate 59 (50,000 AADT) and four miles from U.S. Route 49 (31,000 AADT)
» Easily accessibly location along Jackson Avenue West (24,000 AADT)
» Immediate access to U.S. Route 278/Highway 6 West, a major east-west thoroughfare traversing the entirety of Oxford
» Projected nine percent average annual household income increase within five miles of the site in the next five years

CENTRAL LOCATION NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Two miles from the University of Mississippi (23,780 students, $2.9 billion economic impact, enables 43,000+ statewide jobs)
» 3.5 miles from Baptist Memorial Hospital-North Mississippi (217 beds, 1,000 employees)
» Surrounded by a strong mix of well-established national tenants in a dense retail corridor, including Walmart Supercenter, Mechanics Bank, Chevron, Popeyes, Office Depot, DICK’S Sporting Goods, Marshalls, and many more
» Central location in the Oxford School District (within four miles of eight schools with combined 4,700+ students)

NEW 2020 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 Jackson Avenue West, with visibility and access to 24,000 vehicles per day. The site also maintains immediate access to U.S. Route 278/Highway 6 West, a major east-west thoroughfare traversing the entirety of Oxford. The property benefits from its central location in a highly populated area, with 38,379 residents living within a five-mile radius of the location. The location also has a beneficial proximity to Downtown Oxford, greatly increasing commuter traffic to the site. 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 Oxford are poised for concurrent growth.

The site benefits from its location near large employers, retailers, and community hubs. The property is two miles from Oxford’s largest employer, the University of Mississippi, which features 23,780 students, 2,955 employees, generates a $2.9 billion economic impact, and enables 43,000+ statewide jobs. Traffic to the site is increased by its proximity to a strong mix of well-established retailers and its convenient access to nearby Baptist Memorial Hospital-North Mississippi (217 beds, 1,000 employees). The location is surrounded by a strong mix of national tenants in a dense retail corridor, including Walmart Supercenter, Mechanics Bank, Chevron, Popeyes, Office Depot, DICK’S Sporting Goods, Marshalls, and many more. The site experiences increased traffic from its centralized location in the Oxford School District, as the property resides within four miles of eight schools with a combined 4,700+ students.

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