McAlister's Deli
7.25% CAP | Additional 1 AC Included in Purchase | Long-Term NNN Lease | Hobbs, NM
Marketing description
McAlister's Deli (the “Property”) is a freestanding quick-service restaurant located at 3619 NW County Road in Hobbs, New Mexico. The Property sits at a highly visible corner along NW County Road near Industrial Drive, offering excellent ingress and egress and strong accessibility to surrounding commercial corridors and nearby residential neighborhoods.
Constructed in 2018, the Property comprises approximately 3,622 square feet and is situated on roughly 0.99 acres. The building features a modern restaurant design with ample surface parking and efficient site circulation to accommodate consistent customer traffic.
The Property is 100% leased to Best Choice Restaurants, LLC, operating as McAlister’s Deli, under a 15-year lease that commenced January 1, 2019 and expires December 31, 2033, providing approximately 7.42 years of remaining lease term (WALT). The lease features scheduled rental increases every five years, providing built-in income growth.
This offering presents investors with the opportunity to acquire a stable single-tenant retail asset with long-term income backed by an established restaurant operator in a growing regional market.
Investment highlights
- Attractive Remaining Lease Term (7.42 Years Remaining): McAlister’s Deli operates under a 15-year lease (2019–2033) with approximately 7.42 years of remaining term, delivering stable, predictable income for net lease investors.
- Scheduled Rental Increases: The lease includes contractual rent escalations every five years, offering built-in income growth and protection against inflation throughout the primary lease term.
- Growing Client Base: According to Placer.ai, visits have increased 3.8% YoY and 5.75% Yo3Y.
- Established National Restaurant Brand: McAlister’s Deli is a nationally recognized fast-casual restaurant concept with hundreds of locations across the United States. The brand has built a strong reputation for quality and customer loyalty, supporting consistent operational performance.
- Freestanding Retail Asset: The Property is a freestanding 3,622-square-foot restaurant building situated on approximately 0.99 acres, featuring ample parking, strong visibility, and efficient site circulation for customer traffic.
- Strategic Retail Location: Positioned along NW County Road, the Property benefits from strong accessibility and visibility at a retail corridor anchored by Walmart located directly across the intersection, driving consistent consumer traffic to the area.
- Permian Basin Economic Corridor: Located in Hobbs, New Mexico—within the Permian Basin energy region—the area benefits from strong economic drivers tied to oil and gas production, supporting employment growth, population stability, and long-term retail demand.
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