McAlister’s Deli

3855 Hacks Cross Rd, Memphis, Tennessee

$1,750,000

Details

Price : $1,750,000
Cap Rate : 7.46%
Year Built : 2005
Lease Type : NNN
Lease Expiration : 06-2020
Renewal Options : Four 5 years
Rental Increases : 10% after year 12
Status : Available
Property Type : Retail

Investment Highlights

Experienced Franchisee with 23 Units and Growing
Population Density of Roughly 169,000 within a Five-Mile Radius
High Traffic Region With Over 28,000 Vehicles Passing in Front of the Site Daily
New Developments in the area (Subaru Dealership, 160 Luxury Apartments, and a Holiday Inn)
Located less than half a mile from the FedEx Corporation World Headquarters with approximately 4000 employees.
Located in an affluent area of Memphis with average household Incomes exceeding $92,000 within a five-mile radius

Description

Founded in 1989, McAlister’s® Deli is a fast casual restaurant chain known for it’s sandwiches, spuds, soups, salads, desserts and McAlister’s Famous Sweet Tea™. In addition to dine-in and take-out service, they also offer catering. With numerous industry accolades, the McAlister’s brand has 341 restaurants in 24 states.

Technomic® recognized McAlister’s twice in its Chain Restaurant Consumers’ Choice Awards — in 2014 as the top kid-friendly fast casual chain and in 2013 as the top fast casual chain for food and beverage. In 2014, Nation’s Restaurant News named McAlister’s the top limited-service sandwich chain in its Consumer Picks Survey. Also in 2014, QSR Magazine recognized the brand as one of the “Best Franchise Deals” and named McAlister’s  to its QSR 50 list, and Franchise Business Review named McAlister’s  one of 2014′s “Top Franchises” in the Food and Beverage category.

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