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McAlister's Deli 3619 NW County Rd 3,622 SF Retail Building Hobbs, NM 88240 $2,053,333 ($566.91/SF) 6.75% Cap Rate
Investment Highlights
- Attractive Remaining Lease Term (7.59 Years Remaining): McAlister’s Deli operates under a 15-year lease (2019–2033.
- Growing Client Base: According to Placer.ai, visits have increased 3.8% YoY and 5.75% Yo3Y.
- Freestanding Retail Asset: The Property is a freestanding 3,622-square-foot restaurant building situated on approximately 0.99 acres
- Scheduled Rental Increases: The lease includes contractual rent escalations every five years.
- Established National Restaurant Brand: McAlister’s Deli is a nationally recognized fast-casual restaurant concept with hundreds of locations
- Strategic Retail Location: Positioned along NW County Road, the Property benefits from strong accessibility and visibility at a retail corridor
Executive Summary
McAlister's Deli (the “Property”) is a freestanding quick-service restaurant located at 3619 NW County Road in Hobbs, New Mexico. The Property sits at a highly visible corner along NW County Road near Industrial Drive, offering excellent ingress and egress and strong accessibility to surrounding commercial corridors and nearby residential neighborhoods.
Constructed in 2018, the Property comprises approximately 3,622 square feet and is situated on roughly 0.99 acres. The building features a modern restaurant design with ample surface parking and efficient site circulation to accommodate consistent customer traffic.
The Property is 100% leased to Best Choice Restaurants, LLC, operating as McAlister’s Deli, under a 15-year lease that commenced January 1, 2019 and expires December 31, 2033, providing approximately 7.59 years of remaining lease term (WALT). The lease features scheduled rental increases every five years, providing built-in income growth.
Constructed in 2018, the Property comprises approximately 3,622 square feet and is situated on roughly 0.99 acres. The building features a modern restaurant design with ample surface parking and efficient site circulation to accommodate consistent customer traffic.
The Property is 100% leased to Best Choice Restaurants, LLC, operating as McAlister’s Deli, under a 15-year lease that commenced January 1, 2019 and expires December 31, 2033, providing approximately 7.59 years of remaining lease term (WALT). The lease features scheduled rental increases every five years, providing built-in income growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,622 SF
Year Built
2018
Price
$2,053,333
Price Per SF
$566.91
Cap Rate
6.75%
NOI
$138,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.99 AC
Zoning
C
Frontage
245’ on Northwest County Road
Amenities
- Restaurant
- Signage
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $224,383 | |
| Land Assessment | $49,919 | Total Assessment | $274,302 |
Property Taxes
Parcel Numbers
Land Assessment
$49,919
Improvements Assessment
$224,383
Total Assessment
$274,302
Contacts
-
John David Cobb -
Brandon Beeson -
Claire Schmeltekopf -
EDGE Realty Capital Markets
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McAlister's Deli | 3619 NW County Rd
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