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Restaurant

McAlister's Deli

371 S Illinois Ave, Oak Ridge, TN 37830

Listing Price: $1,904,762

Cap Rate
5.25%
Tenant Name
Southern Rock Restaurants
Years Remaining On Lease
14.8
Guarantor
Franchisee Guarantee
Rentable SF
4,654
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.49

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.

Investment Highlights

  • Long-Term, 15-Year Triple Net (NNN) Sale-Leaseback
  • Southern Rock Restaurants | Largest McAlister's Deli Franchisee | 111 Units in 8 States | 60 Additional Units in Their Pipeline
  • Three (3), Five (5)-Year Tenant Renewal Options

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Restaurant

McAlister's Deli

Listing Price: $1,904,762

Cap Rate
5.25%
Tenant Name
Southern Rock Restaurants
Years Remaining On Lease
14.8
Guarantor
Franchisee Guarantee
Rentable SF
4,654
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.49

Investment Highlights

  • Long-Term, 15-Year Triple Net (NNN) Sale-Leaseback
  • Southern Rock Restaurants | Largest McAlister's Deli Franchisee | 111 Units in 8 States | 60 Additional Units in Their Pipeline
  • Three (3), Five (5)-Year Tenant Renewal Options

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.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

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

    Manhattan

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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