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

x

McAlister’s Deli, Lufkin, TX

McAlister’s Deli

Price $2,564,000
Cap Rate 5.50%
NOI $141,000
Lease Term 5% rental increases every five (5) years
Lease Type 20 years
Rental Increases Absolute NNN, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Year Built 2019
Building Size 3,500 SF
Lot Size .955 acres (42,600 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
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Investment Highlights

NEW 20-YEAR SALE-LEASEBACK
» Absolute NNN, 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 and $1.55 billion in sales
» 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 First Street, a frontage road for U.S. Highway 59, with excellent visibility and access to 38,248 vehicles per day
» Immediately south of the interchange between U.S. Highway 59 and Loop 287, which experiences a high traffic volume of 88,248 vehicles per day
» Prominent location in the heart of Lufkin’s primary retail corridor
» Outparcel to Brentwood Crossing, a large shopping center anchored by Walmart Supercenter and Sam’s Club and featuring notable tenants like Tractor Supply, Panda Express, Murphy USA, AT&T, Courtyard by Marriott, Starbucks, Outback Steakhouse, and CHI St. Luke’s Health Emergency Center
» Near Lufkin Mall, a major retail destination for a 12-county primary trade area in East Texas

NEAR MAJOR SCHOOLS AND EMPLOYERS
» Located approximately one mile from Angelina College, one of the state’s fastest growing community colleges, with an enrollment of 5,927 students
» Minutes from some of the largest employers in the region, including Pilgrim’s Pride (1,300 employees) and the 271-bed CHI St. Luke’s Health-Memorial Lufkin (1,075 employees)

NEW 2019 CONSTRUCTION
» Features latest McAlister’s Deli prototype
» New building, limiting near-term deferred maintenance or capital costs
» Includes drive-thru pick-up window for take-out orders made online or via phone



Property Description

The property is conveniently located on South First Street, a frontage road for U.S. Highway 59, with excellent visibility and access to 38,248 vehicles per day. The property is immediately south of the interchange between U.S. Highway 59 and Loop 287, which experiences a high traffic volume of 88,248 vehicles per day. Located in a dense retail corridor, the property is outparcel to Brentwood Crossing, a large shopping center anchored by Walmart Supercenter and Sam’s Club and featuring notable tenants like Tractor Supply, Panda Express, Murphy USA, AT&T, Courtyard by Marriott, Starbucks, Outback Steakhouse, and CHI St. Luke’s Health Emergency Center. The property is surrounded by several other large shopping centers and major retailers, including Lufkin Mall, a major retail destination for a 12-county primary trade area in East Texas. Lufkin Mall features over 60 retailers, including JCPenney, AMC Theatres, T.J. Maxx, Hibbett Sports, and Chick-fil-A. Other nationally recognized tenants in the nearby area include Home Depot, Best Buy, Cinemark, Target, Hobby Lobby, Burlington, Harbor Freight Tools, and Ulta, amongst many others.

The property is centrally located near large schools and major employers. Angelina College, one of the state’s fastest growing community colleges, is located approximately one mile from the property. Angelina College has an enrollment of 5,927 students and employs more than 300 instructors. The property is also minutes from some of the largest employers in the region, including Pilgrim’s Pride (1,300 employees) and the 271- bed CHI St. Luke’s Health-Memorial Lufkin (1,075 employees).

Contact Us About This Property

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