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31828733
31828732

1150 Glynn Street North, Fayetteville, GA 30214 For Sale

MB
GA 385824
SRS Real Estate Partners Atlanta
GL
CA 02069301
SRS Real Estate Partners San Diego
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Atlanta, SRS Real Estate Partners San Diego, SRS Real Estate Partners Tampa
$2,259,328
71 days on market
Updated 71 days ago

McAlister's Deli - Fayetteville, GA

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 3,530
Cap Rate 6.25%
NOI $141,208
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 12/21/2044
Remaining Term 18.4
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $640
Year Built 2021
Acreage 1.930
Investment Type Net Lease
Lease Commencement 12/20/2024
Ground Lease No

McAlister's Deli - Fayetteville, GA

Investment highlights

18+ Years Remaining | Scheduled Rental Increases | Abs NNN

• The tenant currently has 19+ years remaining on their initial lease with 3 (5-

year) options to extend, demonstrating their commitment to the site

• The lease features 10% increases every 5 years during the initial term and

options, growing NOI and hedging against inflation

• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises

• No landlord responsibilities

Strong Demographics in 5-mile Trade Area | Six-Figure Incomes

• More than 96,000 residents and 25,000 employees support the trade area

• Affluent average household income of $104,195

Growing Franchisee Operator

• Red Door Brands recently acquired a portfolio of Main Squeeze Juice Co. to

add to their McAlister’s Deli, Little Caesers, and Arby’s operations

• Red Door Brands is committed to growing to 100 units by 2028

• Recently named Kayla Edidin as the Chief Operating Officer – formerly the

Vice President of Franchise Development for Mike’s Red Tacos

Adjacent to Fayette Pavilion (1,063,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence

• The site is in close proximity to Fayette Pavilion, a 1,063,000+ SF open-air

shopping center, that is anchored by Target, Ross, Publix, Home Depot,

Walmart Supercenter, Hobby Lobby, Old Navy, and more

• The subject property is ideally located in a dense retail corridor, with

numerous nearby national/credit tenants including Lowe’s, Kroger, Food

Depot, Starbucks, Staples, Harbor Freight, and many more

• Strong tenant synergy increases consumer draw to the immediate trade area

and promotes crossover store exposure to the site

Listing Contacts

MB
GA 385824
SRS Real Estate Partners Atlanta
GL
CA 02069301
SRS Real Estate Partners San Diego
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Atlanta, SRS Real Estate Partners San Diego, SRS Real Estate Partners Tampa

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$141,208.00
$11,767.33/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Property History

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