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Mcalister's Deli - Fayetteville GA 1150 N Glynn St 3,530 SF Retail Building Fayetteville, GA 30214 $2,353,000 ($666.57/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 19+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand
- Adjacent to Fayette Pavilion (1,063,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Along Glynn St N (33,000 VPD) | Excellent Visibility & Access
EXECUTIVE SUMMARY
• The tenant currently has 19+ years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• McAlister’s Deli brand, headquartered in Atlanta GA, has approximately 550 restaurants in 29 states as of June 30, 2024
• The lease features 10% increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• McAlister’s Deli brand, headquartered in Atlanta GA, has approximately 550 restaurants in 29 states as of June 30, 2024
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,530 SF
Building Class
B
Year Built
2021
Price
$2,353,000
Price Per SF
$666.57
Cap Rate
6%
NOI
$141,208
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.93 AC
Zoning
C4 - Highway Commercial
Parking
51 Spaces (14.45 Spaces per 1,000 SF Leased)
Frontage
363’ on Georgia 85
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Drive Thru
- Wheelchair Accessible
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-38-00-123 | Improvements Assessment | $458,472 |
| Land Assessment | $386,724 | Total Assessment | $845,196 |
PROPERTY TAXES
Parcel Number
05-38-00-123
Land Assessment
$386,724
Improvements Assessment
$458,472
Total Assessment
$845,196
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Mcalister's Deli - Fayetteville GA | 1150 N Glynn St
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