Listed by Mid-America Real Estate - Michigan, Inc.
$2,457,461
STNL McAlister's Deli
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,450
Cap Rate 6.50%
NOI $159,735
Tenancy Single
Brand/Tenant McAlister's Deli
Lease Type NNN
Lease Term 15
Lease Expiration 06/30/2040
Lease Options 10% increase per option
Year Built 2025
Acreage 1.100
Investment Type Net Lease
STNL McAlister's Deli | New Construction | Norton Shores, MI
Marketing description
Mid-America Real Estate – Michigan, Inc. has been exclusively retained on behalf of ownership to sell the fee interest in a 3,450-square-foot building situated on a 1.1-acre parcel, long-term leased to McAlister’s Deli in Norton Shores, MI. The property is strategically located in the primary retail trade area of the Norton Shores and Muskegon market, offering strong regional draw from surrounding communities. Pad of shopping center retailer anchors include Target, Kohl’s, Meijer, Menards, Sierra Trading Post, TJ Maxx, and Old Navy, among others. The corridor also features a wide variety of QSR and full-service restaurant concepts such as Chick-fil-A, Texas Roadhouse, Olive Garden, McDonald’s, Bob Evans, Red Lobster, and many more.
Listing Contacts
Listed by Mid-America Real Estate - Michigan, Inc.
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$159,735.00
$13,311.25/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Map
Zoning
B-2 CommercialGeneral CommercialGeneral Business
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View all 9 uses Last updated Feb 20, 2026 For deeper zoning details, reports are available at Zoneomics
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