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McAlister’s Deli – Corporate Guaranty, Bossier City, LA

McAlister’s Deli – Corporate Guaranty

Bossier City, LA

Price $2,960,000
Cap Rate 5.50%
NOI $162,747
Lease Term 15 Years
Lease Type NNN, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Excluding Roof and Structure
Rental Increases 10% Rental Increases Every Five Years
Year Built 2018
Building Size 4,176 SF
Lot Size 1.07 Acres (46,609 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

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Louisiana-licensed real estate broker Maestri-Murrell, Inc.

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE WITH CORPORATE GUARANTY
» Rare corporate McAlister’s Deli
» Recent 15-year lease extension, demonstrating long-term commitment to the location
» 10% rental increases every five years, providing a hedge against inflation
» Top-performing location with long history of tenancy and established customer base

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Conveniently located just off of the signalized intersection of Beene Boulevard and Airline Drive, with excellent visibility and access to 40,005 vehicles per day
» Immediate access and visibility to Interstate 220 (38,422 AADT)
» Across from Stirling Bossier, a large retail complex anchored by Target, Sam’s Club, Academy Sports + Outdoors, and Belk

CLOSE PROXIMITY TO MAJOR SCHOOLS, EMPLOYERS, AND TOURIST ATTRACTIONS
» Directly adjacent to the campus of Willis-Knighton Bossier Health Center, which features 166 hospital beds and employs 900 staff members
» Within walking distance of Airline High School (1,902 students) and minutes from Bossier Parish Community College (6,042 students and 335 employees)
» Close proximity to popular riverboat casinos and hotels in downtown Bossier City and Shreveport, which serve as major tourist attractions
» Near Barksdale Air Force Base, which has 11,205 employees and serves as a major economic engine for the region

PRIME SHREVEPORT–BOSSIER CITY MSA LOCATION
» Affluent demographics, with a high average household income of $92,192 within a one-mile radius
» The Shreveport–Bossier City area is the center of economic activity for the Ark-La-Tex region, where Arkansas, Louisiana, and Texas meet
» Bossier City is the sixth largest city in Louisiana and among the fastest growing
» The Shreveport–Bossier City area features a robust economy that is fueled by two regional medical facilities, the LSU School of Medicine, oil and gas exploration, Barksdale Air Force base, and the thriving riverboat casino industry, which draws more than seven million tourists each year

Click Here to Download Offering Memorandum


Property Description

The property is conveniently located just off of the signalized intersection of Beene Boulevard and Airline Drive, with excellent visibility and access to 40,005 vehicles per day. Airline Drive provides immediate access to Interstate 220, which has a high traffic count of 38,422 vehicles per day near the property. Located in a dense retail corridor, the property is across from Stirling Bossier, a large retail complex anchored by Target, Academy Sports + Outdoors, Sam’s Club, and Belk. Other notable tenants within the complex include Best Buy, Michaels, Ross, Old Navy, PetSmart, and Bed Bath & Beyond. The property is surrounded by several other large shopping centers and major retailers, including Walmart Supercenter, Lowe’s, Home Depot, Kroger, Hobby Lobby, Dollar Tree, Ashley HomeStore, and Anytime Fitness, amongst many others.

The property is centrally located and benefits from a strong customer base in the surrounding area. The property is directly adjacent to the campus of Willis-Knighton Bossier Health Center, which features 166 hospital beds and employs 900 staff members. The property is also within walking distance of Airline High School, which has a total enrollment of 1,902 students, and is minutes from Bossier Parish Community College (6,042 students and 335 employees). The property is less than four miles from the downtown areas of Bossier City and Shreveport, which are located on opposite sides of the Red River. As a result, the property is just minutes from popular riverboat casinos and hotels, which serve as major tourist attractions. The property is also near Barksdale Air Force Base, which has 11,205 employees and serves as a major economic engine for the region. Additionally, the property is supported by an affluent customer base in the surrounding area, with a high average household income of $92,192 within a one-mile radius.

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