For Sale
$3,480,471

5608 Wendy Bagwell PkyHiram, GA 30141

3,726 Gross SQFT McAlister`s Deli - Hiram, GA

Overview

Added:
Jan 16
Days on market:
80
McAllister’s is strategically located in Hiram’s primary retail corridor, and the main retail trade area for all of Paulding County
Constructed in 2019 with the latest protype equipped with a drive-thru and outdoor patio seating
National retailers in the immediate trade area include Walmart Supercenter, Hobby Lobby, Home Depot, Sam’s Club, Target, JCPenney, AMC Hiram 14, & ALDI
Less than 3.3 miles from Wellstar Paulding Medical Center, a 294 bed Level IV Trauma center
Strong demographics with affluence, density and growth
Population: ±3,899 (1-Mile), ±35,694 (3-Mile, ±97,351 (5-Mile)
Avg. Household Income: ±$93.8k (1-Mile), ±114.1k (3-Mile), ±115.7k (5-Mile)

New 20-year lease term commenced Dec 2024
Inflation hedge with 10% increases every 5 years throughout the entire lease
Three, 5-year renewal options each with 10% rent increases
Absolute NNN lease with zero Landlord responsibilities

Highlights

  • Lease Guaranty from Red Door Brands, LLC, the franchisee, and Personal Guaranty from the Operator Red Door Brands operates 25 stores for multi-brands including McAlister’s, Arby’s, Del Taco, and Little Caesars McAlister’s Deli, headquartered in Atlanta, has over 550 locations in 29 states. The fast-casual restaurant chain is known for its sandwiches, soups, sweet tea, and hospitality. Atlanta MSA has the 6th largest population in the US with over 6.3 million residents, which is projected to grow by 9.2% by 2030 In 2024, the Metro Atlanta Chamber reports that 37 FORTUNE 500 and FORTUNE 1000 companies are headquartered in Atlanta Georgia has been named the #1 state for business climate and for doing business for the last 6 years (Site Selection & Area Development) Atlanta’s 29-county Metropolitan Statistical Area (MSA) experienced the fourth-largest population increase of all MSAs in the nation – an increase of roughly 775,000 people from 2011 to 2021. Major industries include financial services, technology and telecommunications Forbes Rankings: #13 Best Places for Business and Careers, #34 in Job Growth & #41 in Education

Property Details for 5608 Wendy Bagwell Pky

Property type
Retail properties
Square Feet
3,726 SF
Price / Square Foot
$934.10
Class
B
Year Built
2019
Buildings
1
Stories
1
Elevators
N/A
Lot Size (sq. ft)
63,598 SF
Net Operating Income
$191,426

Location Insight

City
Hiram
County
State
Georgia

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5608 Wendy Bagwell Pky
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