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McALISTER’S DELI, West Point , MS

McALISTER’S DELI

Price $2,719,000
Cap Rate 5.50%
NOI $149,500
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 10% Rental Increases Every Five (5) Years
Year Built 2020
Building Size 3,200 SF
Lot Size 1.5 Acres (65,340 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

20-YEAR ABSOLUTE NNN GUARANTEED LEASE WITH SCHEDULEDRENTAL INCREASES
» Guaranteed by Focus Brands, Inc., a leading developer of global multi-channel foodservice brands ($3.4 billion in revenue with over 6,000 locations in 50 countries)
» 20-year initial term, plus three five-year options
» 10 percent rental increases every five years, providing a hedge against inflation
» No landlord management, ideal for an out-of-area investor

HIGH TRAFFIC LOCATION IN A POPULATED AND GROWING AREA
» Access from U.S. Highway 45 (25,000 AADT), the main north-south thoroughfare traversing the entirety of West Point
» 74,603 residents within a 15-mile radius of the site, providing a strong customer base for McAlister’s Deli
» Projected 15 percent AHI increase within one mile of the site in the next five years, poising West Point for significant growth
» Surrounded by a strong mix of local and national retailers, including Burger King, KFC, Hampton Inn & Suites, Mossy Oak Outlet Mall, Taco Bell, and many more

CENTRALLY LOCATED NEAR LARGE EMPLOYERS, SCHOOLS, AND COMMUNITY HUBS
» Across the street from the only Walmart Supercenter within a 25-minute drive of the site, directing significant traffic to the property
» Three miles from North Mississippi Medical Center – West Point (60 beds, $171 million generated in total patient revenue)
» Beneficial location in the West Point Consolidated School District (combined nine
schools, 3,147 students), increasing lunch-time traffic to the site
» Five miles from Old Waverly Golf Club, an 18-hole, par 72 course that has hosted the U.S. Women’s Open Golf Championship

NEW 2020 CONSTRUCTION
» Features latest McAlister’s Deli prototype, which includes a drive-thru pick-up window for take-out orders made online or via phone, and a covered outdoor patio



for added customer convenience


Property Description

The property is conveniently located on U.S. Highway 45, the primary north-south thoroughfare traversing the entirety of West Point, with visibility and access to 25,000 vehicles per day directly in front of the property. The site benefits from its proximity to West Main Street, which experiences 11,000 AADT. Visibility is also increased by the site’s location in a densely populated area, with 74,603 residents living within a 15-mile radius of the property. Located in a dense retail corridor, the site is surrounded by a strong mix of local and national retailers, including Burger King, KFC, Hampton Inn & Suites, Mossy Oak Outlet Mall, Taco Bell, and many more. The property is primed to grow along with the surrounding area, with a projected 15 percent average annual household income increase within one mile of the site in the next five years.

The site benefits from its central location near large employers, schools, and community hubs. The property is across the street from the only Walmart Supercenter location within a 25-minute drive of the site, directing significant traffic to the property. The property benefits from being three miles from North Mississippi Medical Center – West Point, which features 60 beds and has generated $171 million in total patient revenue. The site has a beneficial location in the West Point Consolidated School District (combined nine schools, 3,147 students), increasing lunch-time traffic to the site. The location is also five miles from Old Waverly Golf Club, an 18-hole, par 72 course which has hosted the U.S. Women’s Open Golf Championship.

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