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McAlister's Deli 19570 Cochran Blvd

3,100 SF Retail Building Port Charlotte, FL 33948 $4,313,361 CAD ($1,391 CAD/SF) 5.35% Cap Rate

Investment Highlights

  • 20-year absolute NNN lease, plus three (3) five-year options
  • No landlord management, ideal for an out-of-area investor
  • Guaranteed by Focus Brands, LLC, a leading developer of global multi-channel food service brands ($3.4B in revenue)
  • Outparcel to Kohl’s and PetSmart in a Major Retail Corridor
  • 1.75% rental increase every year, providing a hedge against inflation
  • The McAlister’s brand has over 420 restaurants in 28 states and has been awarded numerous industry accolades for its service and customer service

Executive Summary

Prominent Location in a Major Retail Center: Located near the intersection of Cochran Boulevard and U.S. Route 41 / Tamiami Trail with access to more than 76,000 vehicles per day
Outparcel to The Home Depot, Kohl’s, and PetSmart: This McAlister’s Deli will capture a significant amount of crossover traffic from shoppers in this major retail center as well as from other nearby national retailers including Walmart Supercenter, Target, Best Buy, and Sam’s Club
Reliable Customer Base: Less than two miles from Port Charlotte High School (1,559 students) and Charlotte Technical College (250+ students and faculty)
Surrounded by Community Hubs: This property is less than two miles from Port Charlotte Town Center, the largest mall in the area with over 100 stores and 1,000,000 SF of retail space including major anchor tenants Regal, JCPenney, Bealls, and Dillard’s
Strong Demographics: Surrounded by dense residential neighborhoods and just 10 minutes from the new West Port master planned community with approximately 2,000 single family homes and multi family buildings

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,100 SF
Building Class
B
Year Built
2024
Price
$4,313,361 CAD
Price Per SF
$1,391 CAD
Cap Rate
5.35%
NOI
$230,764 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.37 AC

Nearby Major Retailers

McAlister's Deli
Truist
Starbucks
Suncoast Credit Union
Publix
Checkers
IHOP
Metro Diner
Perkins Restaurant & Bakery
Ymca
  • Listing ID: 29556166

  • Date on Market: 2024-11-05

  • Last Updated:

  • Address: 19570 Cochran Blvd, Port Charlotte, FL 33948

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