McAlister’s Deli (Leasehold) | Athens, GA

Retail

2033 W. Broad Street Athens, GA 30606
Price:
$ 765,000
Property Size:
3,479 sqft
Cap Rate:
7.0
NOI:
$ 58,170
Lot Size:
1.10 acres
Year Built:
2012/2020
Status:
Sale

INVESTMENT HIGHLIGHTS

IRREPLACEABLE REAL ESTATE NEAR UNIVERSITY OF GEORGIA
Subject Property is located less than 2 miles from University of Georgia which has enrollment of approximately 40,000 students. Additionally, subject property is located on one of the major thoroughfares in Athens, Broad Street, and has over 33,000 Vehicles Per Day. Within 3-miles, the population is nearly 62,000 and has grown 12% in the past 10 years.

BRAND NEW REDEVELOPMENT; LONG-TERM ABSOLUTE NNN LEASE WITH RENT INCREASES
Subject property was recently renovated to suit the needs of McAlister’s. The Tenant signed an Absolute NNN Lease with 10% rent increases every five years throughout the term.

INDUSTRY LEADING TENANT
McAlister’s Deli was founded in 1989 and has grown to their current store count of 469 across 30 states. Franchise 500 currently has McAlister’s Deli listed at #47 for 2021 (#72 in 2020). The ranking is based on a multitude of factors, including: Size & Growth, Brand Strength, Financial Strength, and Costs & Fees associated wit h being a Franchisee.

DEPRECIATION BENEFIT OF LEASEHOLD INTEREST
Unlike Ground Lease interests, Leasehold Interests (Building Only) can be fully depreciated over the life of the lease agreement, creating a great tax advantage for the Landlord.

LOCATED 1 HOUR FROM ATLANTA AND McALISTER’S HEADQUARTERS
The Subject Property is well located in At hens, GA just one hour from Atlanta and McAlister’s Headquarter facility.

Documents

×

Login

×

Register

The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

Phillip Butts
Senior Analyst
918.878.9534
D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535
Ken Hedrick
Executive Managing Director
918.878.9540
Jerry Hopkins
Executive Managing Director
918.878.9536
Charlie Oates
901.484.0418

Questions?

Get more info on this property. Contact Us
Go to Top