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Restaurant

McAlister's Deli

8670 Veterans Memorial Pkwy, O'Fallon, MO 63366

Listing Price: $2,570,093

Cap Rate
5.35%
Tenant Name
McAlister's - Southern Rock Restaurants, LLC
Years Remaining On Lease
15.9
Guarantor
Corporate Guarantee
Rentable SF
5,056
Lease Type
Double Net
Rent Per Square Feet
$27.20

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.

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

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Listing Price: $2,570,093

Cap Rate
5.35%
Tenant Name
McAlister's - Southern Rock Restaurants, LLC
Years Remaining On Lease
15.9
Guarantor
Corporate Guarantee
Rentable SF
5,056
Lease Type
Double Net
Rent Per Square Feet
$27.20

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.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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