McAlister Deli – Bridgeton, MO

Description

The site is currently being remodeled and is scheduled to be completed in August of 2018. The site consists of roughly 6,255 rentable square feet of building space on an estimated 0.61 acre parcel of land.
McAlister’s Deli will be subject to a brand new, 15-year triple-net (NNN) Sale- leaseback, which will commence upon close of escrow. The initial annual rent will be $103,579, which is scheduled to increase by 10% every 5 years throughout the base term and continuing through the two (2), five (5)-year tenant renewal options.