Investment Highlights
Executive Summary
? Brand-new, state-of-the-art construction with McAlister?s latest prototype? New, 15-year, absolute NN+ lease with 10% rent increases every 5 years in the base term and options? Lease is guaranteed by Southern Rock Restaurants, LLC, one of the largest McAlister?s franchisees in the system with over 155 locations in operation | 2021 Franchisee of the Year? New, 20-year roof warranty to be transferred to Buyer, at Closing? Part of the Pearl Crossing new development with Starbucks and WetGo Car Wash? Main retail corridor & rapidly developing area | Click HERE for more info? Across the street from Southland Shopping Center, an 800,000+ SF center anchored by BJ?s, Giant Eagle, Bath & Body Works, and Marc?s | Other tenants include Petco, Marshalls, Dollar Tree, Applebee?s, Cleveland Furniture Bank, Office Max, Party City, JOANN?s, among others? Adjacent to Pearl Plaza, a new development retail center to be anchored by ALDI | Other tenants will include Chipotle, Smoothie King, AT&T, Citizens Bank, among others? Signalized, hard-corner location with excellent access and visibility from Pearl Road & 130th St | Combined ?60,830 VPD? Just over a mile from Cuyahoga Community College Western Campus | 18,754 students? About 2.5 miles from:? The Shoppes at Parma | 756,000 SF shopping center anchored by Walmart Supercenter, DICK?s, Burlington, and Marc?s? Byers Field at Robert M. Boulton Stadium | 2nd largest stadium in Cuyahoga County | 11,200 seats? A Target, Giant Eagle, and Kohl?s-anchored shopping center? Less than a mile from Middleburg Heights Jr High School, Berea Midpark Middle School, and Parma Park Elementary School | Combined 3,338 total students? Less than two miles from Valley Forge High School | 1,386 students? 3.5 miles from Cleveland Hopkins International Airport | 9.87MM passengers in 2023, up 13.5% over 2022 | 251 flights per day? McAlister?s deli currently has ?560 locations across 29 states? Surpassed $1B in revenue for the first time in 2023 | AUV of $1.9MM
