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McAlister's Deli Long Term Absolute NNN Lease 1010 Lamesa Hwy 3,654 SF Retail Building Big Spring, TX 79720 $2,685,137 ($734.85/SF) 6.75% Cap Rate
Investment Highlights
- Long Term Absolute NNN Lease
- Minutes from Howard College (4,400 Students)
- Recent 2015 Construction with Drive-Thru
- 10% Rental Increases Every 5 Years
- Strategic Location at I-20 & US-87 Interchange
- Income Tax Free State
Executive Summary
This is an opportunity to acquire a well-established McAlister's Deli in Big Spring, Texas, backed by a long-term Absolute NNN lease. The lease includes 10% rent increases every five years, along with three additional five-year renewal options. The next rent increase is scheduled for September 2029.
The property sits in a strong location along Lamesa Highway, approximately 0.2 miles from Interstate 20, which sees roughly 18,000 vehicles per day. It is surrounded by nine nearby hotels, including a new Baymont Inn & Suites directly across the street, creating steady demand from travelers and visitors to the area.
The property also benefits from proximity to several major local demand drivers, including Howard College, Scenic Mountain Medical Center, and Big Spring State Hospital, all of which help support consistent daily traffic and long-term economic activity in the area.
The property sits in a strong location along Lamesa Highway, approximately 0.2 miles from Interstate 20, which sees roughly 18,000 vehicles per day. It is surrounded by nine nearby hotels, including a new Baymont Inn & Suites directly across the street, creating steady demand from travelers and visitors to the area.
The property also benefits from proximity to several major local demand drivers, including Howard College, Scenic Mountain Medical Center, and Big Spring State Hospital, all of which help support consistent daily traffic and long-term economic activity in the area.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,654 SF
Year Built
2015
Price
$2,685,137
Price Per SF
$734.85
Cap Rate
6.75%
NOI
$181,247
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.82 AC
Frontage
195’ on Lamesa Hwy
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 2
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McAlister's Deli Long Term Absolute NNN Lease | 1010 Lamesa Hwy
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