Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the McAlister’s Deli located at 371 South Illinois Avenue in Oak Ridge, Tennessee. The site consists of approximately 4,654 rentable square feet of building space on estimated 0.76-acre parcel of land. This McAlister’s Deli will be subject to a 15-year triple-net (NNN) lease, which will commence at the close of escrow. The annual rent will be $100,000 and is scheduled to increase by ten percent (10%) every five (5) years throughout the base term and in each of the three (3), five (5)-year renewal options. The lease will be backed by Southern Rock Restaurants, which is the largest McAlister’s Deli franchisee. Southern Rock operates 111 units in 8 states, with an additional 60 units in their pipeline.