February 10, 2017
McAlister’s Deli, located at 5001 Cowhorn Creek Rd. in Texarkana, TX, sold for $2.1 million. Michael Paez with the Kase Group represented the buyer, a high net-worth East Coast investor. The seller of the 3,339-square-foot, free-standing property was from the West Coast.
Situated on 1.2 acres, McAlister’s Deli is across the street from the Christus St. Michael Health System, Texarkana’s second-largest employer. The property is also within walking distance of six hotel chains.
McAlister’s Deli has approximately 10 years remaining on an original 20-year lease, which expires in May 2027. The location is operated by the Saxton Group, which operates additional restaurants throughout Texas, Oklahoma, Kansas and Missouri.
For comments, questions or concerns, please contact Amy Sorter
For advertising information, please contact Joni Margotta