McAlister's Deli (Leasehold) | Athens, GA | Commercial

Highlights:

• GREAT REAL ESTATE NEAR UNIVERSITY OF GEORGIA
• LONG-TERM ABSOLUTE NNN LEASE WITH RENT INCREASES
• INDUSTRY LEADING TENANT
• DEPRECIATION BENEFIT OF LEASEHOLD INTEREST
• ONE HOUR FROM ATLANTA & McALISTER'S HEADQUARTERS

Description:

IRREPLACEABLE REAL ESTATE NEAR UNIVERSITY OF GEORGIA
Subject Property is located less than 2 miles from University of Georgia which has enrollment of approximately 40,000 students. Additionally, subject property is located on one of the major thoroughfares in Athens, Broad Street, and has over 33,000 Vehicles Per Day. Within 3-miles, the population is nearly 62,000 and has grown 12% in the past 10 years.

BRAND NEW REDEVELOPMENT; LONG-TERM ABSOLUTE NNN LEASE WITH RENT INCREASES
Subject property was recently renovated to suit the needs of McAlister’s. The Tenant signed an Absolute NNN Lease with 10% rent increases every five years throughout the term.

INDUSTRY LEADING TENANT
McAlister’s Deli was founded in 1989 and has grown to their current store count of 469 across 30 states. Franchise 500 currently has McAlister’s Deli listed at #47 for 2021 (#72 in 2020). The ranking is based on a multitude of factors, including: Size & Growth, Brand Strength, Financial Strength, and Costs & Fees associated wit h being a Franchisee.

DEPRECIATION BENEFIT OF LEASEHOLD INTEREST
Unlike Ground Lease interests, Leasehold Interests (Building Only) can be fully depreciated over the life of the lease agreement, creating a great tax advantage for t he Landlord.

LOCATED 1 HOUR FROM ATLANTA AND McALISTER’S HEADQUARTERS
The Subject Property is well located in At hens, GA just one hour fr om Atlanta and McAlister’s Headquarter facility.

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