Gibsonton, FL - McAlister's Deli

Description:

• The tenant currently has 14+ years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• The lease is guaranteed by DMAC-SD LLC, a Delaware limited liability company, the second largest McAlister’s franchisee in the nation with 75 locations
• This location is generating well above average revenue based on AUV

• The site is ideally located next to a high performing Walmart Supercenter (68th percentile nationwide per placer.ai) and AMC theater (93rd percentile nationwide per placer.ai), increasing consumer traffic to the site
• The asset is situated in a dense retail corridor, with numerous nearby national/credit tenants including Lowe’s, Starbucks, Bealls, CVS, Walgreens, Racetrac, Dollar General and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site

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Listing ID: a28TP000002DjRBYA0