McAlister's Deli

Belton, MO

Key Details

Price:$2,640,000
Cap Rate:6.25%
Annual Rent:$165,000
Address:1010 East North Avenue, Belton, Missouri 64012
Property Type:Retail
Lease Type:Triple Net (NNN)

Property Data

Original Lease Term:15 Years
Lease Commencement:3/1/2024
Lease Expiration:2/28/2039
Lease Term Remaining:13.9 Years
Rental Increases:10.00% Every 5 Years
Lot Size:2.00 Acres
Building Size:5,136 SF
Year Built:2005
Year Renovated:2023
NNN Pro is pleased to present the exclusive listing for a McAlister's Deli located at 1010 East North Avenue, Belton, Missouri 64012. The site consists of roughly 5136 rentable square feet of building space on an estimated 2-acre parcel of land. This McAlister's Deli is subject to a 15-year Triple Net (NNN) lease, which commenced 3/1/2024. The current annual rent is $165,000 and has scheduled increases of 10.00% Every 5 Years.

About the Investment

  • Long-Term Absolute Triple Net (NNN) Lease | This lease began on 3/1/2024 and has close to 14 years remaining. It is structured as an absolute NNN lease, meaning there are no landlord responsibilities, providing a completely passive investment opportunity for the owner.
  • Attractive Rental Increases | The lease is subject to 10% rental increases every 5 years, resulting in a 21% boost to the new operating income over the remaining 13+ years of the lease. This provides a reliable, long-term investment opportunity for any investor.
  • Extremely High Performing Retail Corridor | The QuikTrip and Chipotle located just down the road from the subject property are both top performers nationwide. Specifically, the QuikTrip ranks in the 96th percentile nationwide and the 95th percentile within Missouri, making it the #1 location within a 15-mile radius of the property out of 30 QuikTrip locations. Likewise, the Chipotle ranks in the 85th percentile nationwide and the 82nd percentile in Missouri, with this location performing in the 87th percentile within a 15-mile radius, according to Placer.ai data.

Talk to the Pros

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Glen Kunofsky

gkunofsky@nnnpro.com
License: NY: 49KU1129178
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Anthony D'Ambrosia

adambrosia@nnnpro.com
License: NY: 10401294012
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Josh Kanter

jkanter@nnnpro.com
License: NY: 10401294056

Broker of Record

Brian Brockman

Bang Realty-Missouri, Inc
License: 2017032771
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.