McAlister’s Deli

1010 Lamesa Highway - Big Spring Texas 79720

LTV (Loan to Value)	65.00%	Current NOI	$149,264.00
Interest Rate	4.250%	Capital Rate	6.150%
Fixed Term	10 Years	Land Area	+/- 0.820 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$1,577,550.00	Property Type	Retail
Payment	$8,546.19	Property Lease	Restaurant
Bulding Size	0 SF	Remaining Terms

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a brand new McAlister’s Deli (the “Property”) located in Big Spring, Texas. Big Spring is a city in and the county seat of Howard County in Texas and is the largest community in the county.Situated on a 0.82 acre site, the Property is 100% leased to Southwest Deli Group Inc. under a Fifteen (15) year lease with 10% increases every 5 years during the lease term and in each option period. The lease features Three (3), Five (5) year renewal options. The lease has minimal landlord responsibilities which include the exterior structure of the building and the roof for the first two (2) years of the lease. The tenant is responsible for all other expenses, including parking, insurance, common area maintenance, utilities, and the roof beginning in year three (3) of the lease.

Highlights

Southwest Deli Group, Inc. – This franchisee is approximately eleven years old and currently has Seventeen (17) McAlister’s Deli locations…

Property Description

Big Spring is a city in and the county seat of Howard County, Texas, at the crossroads of U.S. Highway 87 and Interstate 20. It is the largest city between Midland to the west, Abilene to the east, Lubbock to the north, and San Angelo to the south. Big Spring is also is the largest community in the county.Big Spring has a diverse and varied economy. Currently the economy has grow to include refining, manufacturing, wind energy production, transportation, governmental services, and a broad range of health care services. Big Spring has long had the reputation as being a center for health care in West Texas.