Listed by Summit Real Estate
$2,960,000
McAlister's Deli
Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,844
Cap Rate 5.75%
NOI $170,196
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 05/31/2042
Remaining Term 16
Rent Bumps Yes
Year Built 1999
Year Renovated 2022
Acreage 0.840
Investment Type Net Lease
Lease Commencement 06/01/2022
NNN Lease | Pad to Walmart | Across from High School | High Performing Site
Marketing description
McAlister's Deli is an American fast-casual restaurant chain known for its sandwiches, spuds, soups, salads, and famous sweet tea. McAlister's Deli was founded in Oxford, Mississippi in 1989. Today it operates more than 500 locations across the United States. McAlister's Deli restaurants serve a variety of menu items including hot and cold deli sandwiches, giant baked potatoes, fresh salads, hearty soups, desserts, and beverages such as its signature sweet tea.
Investment highlights
- Brand New 2022 Construction | 16 Years Remaining on a 20-Year NNN Lease Commencing June 2022, Plus Three 5-Year Renewal Options Extending Potential Occupancy Through 2057
- True NNN Lease | Tenant Responsible for Roof & Structure, Delivering Passive, Management-Free Ownership With No Landlord Capital Obligations or Operating Expense Exposure
- Scheduled 8% Rent Increase in June 2027 Lifts the Going-In Yield From 5.75% to Approximately 6.21%, a ~46 Basis Point Increase
- Directly Across from Owasso High School | One of the Largest High Schools in Oklahoma With Approximately 3,000 Students in Grades 9–12, Driving a Built-In Daytime Customer Base And Strong Lunch-Daypart Traffic for the Tenant
- McAlister's Deli | 500+ Restaurants Across 29 States And a Flagship Brand Within GoTo Foods, the Roark Capital-Owned Platform Operating Over 7,400 Locations in All 50 States And 71 Countries
- Affluent, Fast-Growing Owasso, OK | Third Largest City in the Tulsa Metro And One of the Fastest-Growing in the State, up More than 17% Since the 2020 Census
- Strong Household Demographics | Median Household Income Approaching $80,000 With Steady ~2.5% Annual Population Growth Within an Established Upscale Retail Corridor Just North of Tulsa
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,196.00
$14,183.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Zoning
CS CommercialRetail CommercialCommercial Shopping
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View all 43 uses Last updated Jan 28, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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