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McAlister's Deli | 13yrs Remain NNN w/ Incrs 6768 Pearl Road Rd 3,714 SF Retail Building Middleburg Heights, OH 44130 $3,476,589 CAD ($936.08 CAD/SF) 6% Cap Rate

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Investment Highlights

13 Years Remaining | Southern Rock Restaurants Operator (190+ Units)
Directly Across From Southland Shopping Center (9.1 M Annual Visits)
Strong Demographics and Daytime Population in 5-Mile Trade Area

NNN | New 20-Year Roof Warranty | Minimal Landlord Responsibilities
New ALDI & Starbucks Development | Frontage to 35,820 VPD

Executive Summary

SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the fee simple interest in a newer (2024) McAlister’s Deli with a drive-thru, featuring the company’s latest prototype design. The lease is guaranteed by Southern Rock Restaurants, LLC, the largest McAlister’s franchisees with 165+ locations with an additional 73 units in active development, providing a strong corporate-backed security. The property has 13 years remaining on the lease, with 10% rent increases every 5 years, delivering consistent NOI growth and protection against inflation, making it an attractive, long-term investment. The property includes a new 20-year roof warranty, which will be transferred to the Buyer at Closing, and features minimal landlord responsibilities, making this an ideal, low-management investment for out-of-state or passive investors.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

3,714 SF

Year Built

2024

Price

$3,476,589 CAD

Price Per SF

$936.08 CAD

Cap Rate

NOI

$208,567 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.08

Lot Size

1.03 AC

Zoning

GB - General Business

Parking

34 Spaces (9.15 Spaces per 1,000 SF Leased)

Frontage

302’ on PEARL RD

Corner Lot
Pylon Sign

Restaurant
Signage

Signalized Intersection

Drive Thru

Accommodation and Food Services
99,999 SF
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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.