NNN McAlister's Deli
5880 De Zavala Road, San Antonio, TX
For Sale
Retail
Free Standing
$2,754,000
Price
5.75%
Cap Rate
6.25%
Pro Forma Cap Rate
Overview
Cap Rate
5.75%
Pro Forma Cap Rate
6.25%
Cash-on-Cash
5.75%
NOI
$158,400
Building Size
3,918 sqft
Lot Area
0.73 acres
Class
B
Occupancy
100%
Tenancy
Single
Year Built
2014
Parking Spots
55
Year Last Renovated
2017
Gross Leaseable Area
3918
Construction Status
Complete
Parking Ratio
14.1
Roof
Built Up
HVAC
Yes
Floor
1
Investment Strategy
Core
Lease Expire Year
8/31/2032
Description
Absolute 15 yr. term (9 yrs. remaining) + 3x5 yr. options. Lease is backed by Sun Holdings, Inc. (73 McAlister Units) corporate lease. Sun Holdings, Inc. 2022 combined revenue of approx $800M and is the 2nd largest franchisee managing over 1800 locations across a dozen brands. Employs over 33,000 people and has been recognized as the Franchise of the Year multiple times. Location features access to 37K VPD and Interstate 10 adjacent. Surrounded by many national retailers in booming San Antonio. www.sunholdings.net
Click on link to OM: https://acrobat.adobe.com/link/review?uri=urn:aaid:scds:US:97bdb4fd-4fab-42c1-8d0e-2162ce7b1eee
Highlights
- Absolute NNN Lease Structure
- No Land Lord Responsibilities
- Solid Demos
- Backed by Sun Holdings, Inc. 800M Sales (2022)
- Close Proximity to I:10
- Excellent Retail Synergy
Documents
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McAlister_s_OM-Final.pdf
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