Restaurant
McAlister's Deli
8670 Veterans Memorial Pkwy, O'Fallon, MO 63366
Listing Price: $2,570,093
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a McAlister’s located at 8670 Veterans Memorial Pkwy in O'Fallon, Missouri. The site was recently redeveloped in 2018. The property is made up of an estimated 5,056 square feet of building space and sits on a .79 acre parcel of land. McAlister's is subject to a 16-year double-net (NN) lease, which commenced on October 20, 2017. The initial rent is $137,500 with 10% increases occurring every five years. There are three (3), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.
Listing Price: $2,570,093
Investment Highlights
- Long-Term, 15-Year Double-Net (NN) Lease
- Recent Construction | Redeveloped in 2018 | Build-to-Suit Development
- Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 30 Years
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a McAlister’s located at 8670 Veterans Memorial Pkwy in O'Fallon, Missouri. The site was recently redeveloped in 2018. The property is made up of an estimated 5,056 square feet of building space and sits on a .79 acre parcel of land. McAlister's is subject to a 16-year double-net (NN) lease, which commenced on October 20, 2017. The initial rent is $137,500 with 10% increases occurring every five years. There are three (3), five (5)-year tenant renewal options, extending the total possible lease term to 30 years.
