About This Restaurant
Investment Highlights
Brand New Construction | Priced Below Development Cost Long-Term, 20-Year Triple Net Lease | Lease to Commence at the Close of Escrow with Zero Landlord Responsibilities 5 Southern Rock Restaurants | Largest McAlister?s Deli Franchisee with 150+ Units in 12 States
Executive Summary
NNN Pro is pleased to present the exclusive listing for a McAlister's Delilocated at 2293 North Main Street, Crossville, TN 38555. The site consistsof roughly 3,429 rentable square feet of building space on an estimated0.68-acre parcel of land. This McAlister's Deli is subject to a 20-year TripleNet (NNN) lease which will commence upon close of escrow. The annualrent will be $150,000 and is scheduled to increase by 10.00% Every 5 Years.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food Restaurant
- Building Size 3,429
- Year Built 2023
- Price 2,542,373
- Price Per SF 741
- Cap Rate 5.90
- NOI 150,000
- Percent Leased 100
- Building Height 1 Story
- Building FAR 0.12
- Land Acres 0.68 AC
- Opportunity Zone Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
| Date Created: | 2024-07-16 04:23:38 | Last Updated: | 2024-07-16 04:23:38 |
| Address: | 2293 N Main St , Crossville, Tennessee, 38555 | ||