Mcalister's Deli Hobbs, Nm

Highlights:

• • Over 8 years remaining on initial 15-year NN lease with attractive 10% rental escalations every 5 years with three 5-year renewal options. Next 10% escalation January 1, 2029
• • Guaranteed by Best Choice Restaurants - 63-unit McAlister’s Deli operator & a subsidiary of Sun Holdings, Inc. - Guarantor is opening additional 35 locations over the next 4 years in New Mexico, Texas, Florida & Louisiana
• • Sun Holdings, Inc. is the 3rd largest franchisee company in the U.S. operating over 1,500 restaurants with brand names such as Arby’s, Burger King, Cici’s, Golden Corral, Krispy Kreme, Papa John’s, Taco Bueno, GNC & T-Mobile
• • Positioned in a dominant retail corridor on a large ±1.45-acre parcel on a signalized/ hard corner of NW County Rd & N Lovington Hwy with traffic counts of 29,463 CPD! Adjacent to Walmart Supercenter, near Lowe’s Home Improvement & Home Depot
• • 2023 DEMOGRAPHICS: Total Population (5-MI): 47,422 | Average Household Income (1-MI): $180,889

Description:

McAlister’s is Over 8 years remaining on initial 15-year NN lease with attractive 10% rental escalations every 5 years with three 5-year renewal options. Next 10% escalation January 1, 2029. Guaranteed by Best Choice Restaurants - 63-unit McAlister’s Deli operator & a subsidiary of Sun Holdings, Inc. - Guarantor is opening additional 35 locations over the next 4 years in New Mexico, Texas, Florida & Louisiana. Sun Holdings, Inc. is the 3rd largest franchisee company in the U.S. operating over 1,500 restaurants with brand names such as Arby’s, Burger King, Cici’s, Golden Corral, Krispy Kreme, Papa John’s, Taco Bueno, GNC & T-Mobile.

The Asset is Positioned in a dominant retail corridor on a large ±1.45-acre parcel on a signalized/ hard corner of NW County Rd & N Lovington Hwy with traffic counts of 29,463 CPD! Adjacent to Walmart Supercenter, near Lowe’s Home Improvement & Home Depot. Hobbs is one of the most livable and most central places in the Permian Basin (largest oil-producing basin in the U.S.) - As the largest city in Lea County, Hobbs is the heart of what continues be the nation’s #1 oil-producing county. Nearby retailers include Walmart, Lowe’s, Home Depot, Hobby Lobby, Alberstons Market, Tractor Supply Co., Petsense, Big Lots, Burke’s Outlet, Hibbett Sports, Cato, Big 5 Sports, Staples, Buddy’s Home Furnishings, Dollar Tree, Dollar General, Family Dollar, JCPenney, Walgreens, CVS, Harbor Freight, Rent-A-Center, Cricket Wireless, Verizon, T-Mobile, Allen Theatres, and Planet Fitness. It is 2 miles from New Mexico Junior College (NMJC) -a public junior college offering various associate degree programs, vocational training, and continuing education opportunities with a student enrollment of 2,120 students; 3 miles from University of the Southwest - a private Christian university that offering more than 60 undergraduate & graduate programs with over 1,000 students enrolled. 1.5 miles from Covenant Health Hobbs Hospital - a 60-bed facility specializing in intensive care, medical, surgical, orthopedics and labor & delivery; 3 miles from Nor-Lea Hobbs Medical Clinic - a 25-bed hospital offering family practice and primary care, pediatric care, minor injuries, minor illnesses and minor wound care.
In Association with Designated Broker:
Brian Brockman – Broker
License #: 20241
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

Documents: