NNN McAlister's Deli

$2,754,000

5880 De Zavala Road, San Antonio, TX 78249

For Sale

Retail Free Standing

Active

Last Updated: 07/18/2024

Details:

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: 3,918

Construction Status: Complete

Parking Ratio: 14.1

Roof: Built Up

HVAC: Yes

Floor: 1

Investment Strategy: Core

Lease Expire Year: 8/31/2032

Offered by Broker

Michael Johns

Principal

GSA Realty Advisors, Inc.

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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

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

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