McAlister’s Deli Sale-Leaseback
| Price | $2,953,000 |
| Cap Rate | 5.25% |
| NOI | $155,000 |
| Lease Term | 20 Years |
| Lease Type | Absolute NNN, with tenant responsible for all taxes, insurance, utilities, and maintenance, including roof, structure, and parking lot |
| Rental Increases | 5% rental increases every five (5) years and in options |
| Year Built | 2019 |
| Building Size | 3,900 SF |
| Lot Size | 0.96 acres (or 41,695 SF) |
| Status | Available |
| Lead Broker Information | Michael T. Yuras, CCIM Cushman & Wakefield 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Senior Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 Vincent Aicale Cushman & Wakefield 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Cushman & Wakefield 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 |
Investment Highlights
NEW 20-YEAR SALE-LEASEBACK WITH LARGEST MCALISTER’S DELI FRANCHISEE
» 20-year initial term, plus two five-year options
» Leased to The Saxton Group, the largest McAlister’s Deli franchisee, with over 80 McAlister’s Deli locations
» The Saxton Group has been ranked by Restaurant Finance Monitor as one of the 100
largest franchisees of any brand in the United States
» No landlord management, ideal for an out-of-area investor
» 5% rental increases every five years, providing a hedge against inflation
HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Conveniently located on South West 3rd Street, a frontage road for U.S. Interstate 40 with excellent visibility and access to 104,000 vehicles per day via South Macarthur Boulevard with 20,194 AADT
» Prominent location in the heart of Westgate Marketplace, one of Oklahoma’s premier retail power centers anchored by Walmart Supercenter and Hobby Lobby
» Located directly in front of Westgate’s anchors Walmart Supercenter and Hobby Lobby and surrounded by notable tenants like Best Buy, PetSmart, McDonalds, Starbucks,
Chick-fil-A, Ross, Texas Roadhouse, and Office Depot
DENSELY POPULATED AREA NEAR MAJOR SCHOOLS AND EMPLOYERS
» 15 minutes from Downtown Oklahoma City and Chesapeake Energy Arena home of the NBA’s Oklahoma Thunder with 18,000 seats
» 12 minutes from Will Rogers World Airport serving 3.6 million passengers annually
» Close to several schools, including Oklahoma State University, with 7,700+ students
» 11 minutes from The National Stock Yards, the world’s largest feeder and stocker cattle market
» Large customer base, with 155,821 residents within five miles of the property
NEW 2019 CONSTRUCTION
» Features latest McAlister’s Deli prototype
Property Description
The property is conveniently located on South West 3rd Street, a frontage road for U.S. Interstate 40, the main eastwest thoroughfare for Oklahoma City, with excellent visibility and access to 104,129 vehicles per day. The property is immediately west of the interchange between U.S. Interstate 40 and South Macarthur Boulevard (20,149 AADT). Located in a dense retail corridor, the property is centrally located in Westgate Marketplace, one of Oklahoma’s premier retail power centers anchored by Walmart Supercenter and Hobby Lobby, which features notable tenants like Best Buy, PetSmart, McDonald’s, Starbucks, Chick-fil-A, Ross, Texas Roadhouse, and Office Depot.
The property is centrally located near large schools and major employers. Oklahoma State University, one of the state’s largest institutions, is located approximately three (3) miles from the property and has 7,700+ students. The National Stock Yards, the world’s largest feeder and stocker cattle market at 102,000,000 head of livestock pass within minutes of the property. This McAlister’s Deli is also minutes from Downtown Oklahoma City and prominently situated on the main route to and from Chesapeake Energy Arena home of the NBA’s Oklahoma Thunder (18,000 seats). Lastly, this location is only 12 minutes from Will Rogers World Airport serving 3.6 million passengers annually.
