Fayetteville, GA - McAlister's Deli
$2,353,000
1150 N Glynn St, Fayetteville, GA 30214
6
Cap Rate
141,208
NOI
Details:
Description:
• 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
• McAlister’s Deli brand, headquartered in Atlanta GA, has approximately 550 restaurants in 29 states as of June 30, 2024
• 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
Location
Gallery