Listed by Summit Real Estate
$2,850,000
McAlister's Deli
Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,759
Cap Rate 5.75%
NOI $163,762
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 10/31/2042
Remaining Term 16
Rent Bumps Yes
Lease Options 3 x 5
Year Built 2022
Acreage 1.180
Investment Type Net Lease
Lease Commencement 11/01/2022
New Build | Scheduled Rent Bump in 2027 | High Performing Store | Pad to Grocer
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 | 16.5 Years Remaining on a 20-Year NNN Lease Commencing November 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 November 2027 Lifts the Going-In Yield from 5.75% to Approximately 6.21%, a ~46 Basis Point Increase in Return Within the First Five Years of Ownership
- Anchored by a Stable Corporate Employment Base | Bartlesville is the Birthplace And Longtime Home of Phillips Petroleum, Now Phillips 66 And ConocoPhillips, Whose Major Bartlesville Campus Remains the Area's Largest Employer
- 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
- Positioned on Bartlesville's Primary Retail Corridor | SE Washington Boulevard Along U.S. Highway 75 is the City's Dominant Commercial Artery, Surrounded by Established National Retail Including Walgreens, Chili's, Freddy's, And Atwoods
- Regional Hub of Northeast Oklahoma | County Seat of Washington County And the Dominant Retail, Medical, And Employment Center for a Broad Rural Trade Area, Roughly 50 Miles North of Tulsa, Pulling Demand Well Beyond the City's ~39,000 Residents
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$163,762.00
$13,646.83/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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Zoning
C-3/PUD PlannedMajor Shopping Planned Unit Development
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View all 270 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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