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McAlister's Deli - Hiram GA 5608 Wendy Bagwell Pky 3,726 SF Retail Building Hiram, GA 30141 $4,452,985 CAD ($1,195.11 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 19+ Years Remaining | Scheduled Rental Increases | Options to Extend | Established Brand
- Adjacent to Hiram Pavilion (362,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
- Strong Demographics in 10-mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Near Signalized, Hard Corner Intersection | Excellent Visibility & Access
EXECUTIVE SUMMARY
• The tenant currently has 19+ years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• McAlister’s Deli brand, headquartered in Atlanta GA, has approximately 550 restaurants in 29 states as of June 30, 2024
• The lease features 10% increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• McAlister’s Deli brand, headquartered in Atlanta GA, has approximately 550 restaurants in 29 states as of June 30, 2024
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,726 SF
Building Class
B
Year Built
2018
Price
$4,452,985 CAD
Price Per SF
$1,195.11 CAD
Cap Rate
6%
NOI
$267,214 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.47 AC
Zoning
GC - General Commercial
Parking
72 Spaces (19.32 Spaces per 1,000 SF Leased)
Frontage
149’ on Wendy Bagwell Parkway
AMENITIES
- Dedicated Turn Lane
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 176.2.3.026.0000 | Improvements Assessment | $455,818 CAD |
| Land Assessment | $316,495 CAD | Total Assessment | $772,313 CAD |
PROPERTY TAXES
Parcel Number
176.2.3.026.0000
Land Assessment
$316,495 CAD
Improvements Assessment
$455,818 CAD
Total Assessment
$772,313 CAD
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McAlister's Deli - Hiram GA | 5608 Wendy Bagwell Pky
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