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Chipotle & McAlister's 1315 E Dixon Blvd 6,500 SF 100% Leased Retail Building Shelby, NC 28152 $6,471,798 CAD ($995.66 CAD/SF) 6.25% Cap Rate
Investment Highlights
- IMMEDIATE MARKET DRIVERS
- STRONG CREDIT TENANTS
- NEW CONSTRUCTION
Executive Summary
- Chipotle has signed a new 10 year lease, with a corporate guarantee, and McAlisters signed a new 15 year lease
- Both leases include 10% rent increases every 5 years
- The two leases are Triple Net (NNN) with minimal LL responsibility
STRONG CREDIT TENANTS
- Chipotle is backed by Chipotle Corporate (market cap of over $74B)
- McAlister’s is backed by one of the largest Franchisee in the System
DENSE RETAIL NODE
- This site is located within a dense retail node just west of Charlotte, NC
- Within a 1-mile radius of the site is more than 1.4M SF of retail space
- Nearby National Retailers include: Walmart Supercenter, Lowe’s Home Improvement, ALDI, Tractor Supply Co, Ingles and more
POSITIONED OFF OF BUSY COMMUTER ROUTE
- Site is located off of E Dixon Blvd (36K VPD) and along a dense retail corridor
- The site benefits from multiple points of egress and ingress and a designated left turn lane into the site
IMMEDIATE MARKET DRIVERS
- Located less than half a mile from the site is Shelby High School which has more than 1,400 students enrolled
- The school employs more than 200 people and has a significant impact on the surrounding area
NEW CONSTRUCTION
- Constructed to meet tenant needs, the building includes a drive through lane for McAlisters
- New construction will provide transferable warranties for the roof & mechanical system to new Owner
Property Facts
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Chipotle
- -
- 3,200 SF
- -
- Apr 2036
-
- Accommodation and Food Services
- 3,300 SF
- -
- Sep 2039
McAlister’s Deli is a fast-casual restaurant chain known for its handcrafted sandwiches, fresh salads, giant spuds, and signature sweet tea. Founded in 1989 in Oxford, Mississippi, the brand has grown into a national concept offering dine-in, takeout, delivery, and catering services. McAlister’s menu emphasizes variety, featuring classic deli sandwiches, soups, and lighter options to accommodate diverse dietary preferences. The company also provides family-friendly meals and customizable catering packages for events and business gatherings. McAlister’s Deli operates under the umbrella of Focus Brands, a leading developer of global foodservice brands. The chain is recognized for its casual dining atmosphere and commitment to convenience, with locations across the United States. McAlister’s Deli is privately held and continues to expand its footprint through a combination of company-owned and franchised restaurants.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Chipotle | - | 3,200 SF | - | Apr 2036 | ||
|
|
Accommodation and Food Services | 3,300 SF | - | Sep 2039 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
3,200 SF Endcap Available next to new McAlister’s Deli.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,200 SF | Restaurant | End Cap | Now |
1st Floor
| Size |
| 3,200 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 3,200 SF |
| Space Use | Restaurant |
| Position | End Cap |
| Available | Now |
3,200 SF Endcap Available next to new McAlister’s Deli.
Nearby Major Retailers
Property Taxes
| Parcel Number | 26662 | Improvements Assessment | $1,027,667 CAD |
| Land Assessment | $821,772 CAD | Total Assessment | $1,849,439 CAD |
Property Taxes
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
Presented by
Chipotle & McAlister's | 1315 E Dixon Blvd
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