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29081351
32294740

1300 E Hwy 6, Alvin, TX 77511

MY
CA 01823291
Cushman & Wakefield - Sacramento, California
VA
CA CA 01728696
Cushman & Wakefield - Sacramento, California
JH
CA 02059267
Cushman & Wakefield - Sacramento, California
Listed by Cushman & Wakefield - Sacramento, California
$3,883,000
86 days on market
Updated 33 days ago

McAlister's Deli & Aspen Dental

Details
Property Type Retail, Office
Sub Type QSR/Fast Food, Storefront (+1)
Square Footage 6,487
Cap Rate 6.75%
NOI $262,045
Tenancy Multi
Brand/Tenant Aspen Dental, McAlister's Deli
Lease Type NN+
Lease Term 10
Lease Expiration 02/27/2034
Rent Bumps Yes
Broker Co-Op Yes
Year Renovated 2023
Acreage 1.270
Parking Spaces 90 spaces
Parking Per SqFt 13.87
Investment Type Net Lease
Rent Commencement 02/06/2024
Ground Lease No

NEW 10-YEAR NET LEASES TO MCALISTER’S DELI & ASPEN DENTAL

Marketing description

Prime Commercial Location: Situated at 1300 East Highway 6 in Alvin, TX, the property benefits from 23,761 vehicles per day along East State Highway 6 (0.25 miles away). The 1.27-acre site hosts a 6,484 SF building renovated in 2023, featuring modern designs tailored to McAlister’s Deli and Aspen Dental. Its position near Highway 35 Bypass enhances accessibility for the surrounding 53,420 residents within 5 miles.


Development Synergy: Surrounded by over 1,200 planned residential units within a 1-mile radius, the site is poised for increased patronage. A major grocery-anchored development 0.46 miles away promises additional traffic and economic uplift. The area’s 17.6% population growth within 3 miles from 2010-2024 underscores its upward trajectory.


Traffic & Visibility: Positioned along a high-traffic corridor, the site sees nearly 60,000 vehicles daily at the intersection of E Highway 6 and State Highway 35 /Alvin Bypass. The signalized intersection at Highway 6 ensures easy access for the 19,206 households within 5 miles. Recent traffic data highlights consistent counts exceeding 20,000 AADT, amplifying exposure.


Demographic Advantage: The property serves a growing population, with 5-mile radius figures rising from 44,493 in 2010 to 53,420 in 2024. Average household income within 5 miles is $106,202 in 2024, projected to climb to $124,127 by 2029, reflecting an affluent customer base. Median age of 38 aligns well with dining and dental service demand.


Retail Synergy: This McAlister’s Deli and Aspen Dental are surrounded by major national retailers including Walmart Supercenter, The Home Depot, Starbucks, Chick-fil-A, Planet Fitness, ALDI, and many more. This mix of high-traffic tenants enhances the visibility, accessibility, and sales potential of this property.


Beneficial Proximity to Schools: The site is located minutes from well-attended schools such as Alvin Community College (home to 5,400 students), Alvin High School (2,753 students), Alvin Junior High School (935 students), and Fairview Junior High (793 students), providing a reliable customer base for the site.


Net Lease Structure: Both tenants operate under net leases, reimbursing taxes, insurance, and all interior non-structural maintenance as additional rent. Landlord responsibilities are limited to roof, structure, and foundation, with tenants covering common area expenses, making this a low-maintenance investment.

Investment highlights

  • New 10-year net leases to two national brands with McAlister’s Deli (500+ total locations) and Aspen Dental (1,100+ locations).

  • 10% rental increases every five years across initial terms and option periods, delivering consistent income growth.

  • Tenants handle taxes, insurance, and most maintenance, minimizing landlord responsibilities.

  • Located on East Highway 6 with 23,761 vehicles per day and just off of the Highway 6 /State Highway 35 intersection with 59,663 total vehicles per day.

  • Just 0.46 miles from a large future grocery-anchored development.

  • Surrounded by major national retailers including Walmart Supercenter, The Home Depot, Starbucks, Chick-fil-A, Planet Fitness, ALDI, and many more.

  • Minutes from well-attended schools such as Alvin Community College (home to 5,400 students), Alvin High School (2,753 students), Alvin Junior High School (935 students), and Fairview Junior High (793 students), providing a reliable customer base for the site.

  • Average household income of $106,202 within 5 miles in 2024, projected to rise 17%+ by 2029.

  • Population within 5 miles grew 20% from 2010 to 2024, reflecting Alvin's rapid expansion as a Houston suburb.

  • Surrounded by residential developments with over 1,200 planned units, bolstering demand for dining and dental services.

Listing Contacts

MY
CA 01823291
Cushman & Wakefield - Sacramento, California
VA
CA CA 01728696
Cushman & Wakefield - Sacramento, California
JH
CA 02059267
Cushman & Wakefield - Sacramento, California
Listed by Cushman & Wakefield - Sacramento, California

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$262,045.00
$21,837.08/mo

Valuation Metrics

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DSCR
6.75%
Cap Rate
6.75%
ROI

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