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Views: 323 DOM: 137 Updated: 10.25.24 Posted: 08.06.24 Status: Active

Summary

Price $4,000,000
Built/Renov 2024
Tenant McDonald's (GL)
Cap Rate 3.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,285
Lease Start 10-01-2024
#Units 43,000
Price/SF $933.49
Expiration 10-31-2044
Tenant Type Fast Food/QSR
NOI $150,000
R. Term 19.10
Ownership Ground Lease
Rent/SF $35.01
Increases 10.0%/5/yrs
Pop 5Mi 183,845
Lot/AC 1.41
Options 8/5yrs/10%
AHHI 5Mi $181,405

Lease Highlights

  • Brand-new 2024 construction
  • New 20-year ground lease with 8 (5-year) options to extend
  • 10% rental increases every 5 years in primary term and options
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

McDonald's is strategically located near the signalized, hard corner intersection of US Highway 380 and Coit Road, with access to a combined robust daily traffic count of 45,868 vehicles. The property is a pad site to a brand-new H-E-B and is conveniently situated across the street from Lorene Rogers Middle School and R. Steve Folsom Elementary School. Additionally, it is less than half a mile...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: McDonald's
  • Guarantor:Corp T and Rated
  • Company:McDonald's Corporation
  • # Units:43,000
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: NYSE: MCD

About Tenant

McDonald's Corporation, dba McDonald’s, is an American-based, multinational fast food chain. McDonald's is best known for its hamburgers, cheeseburgers, and french fries, although their...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 11,145 89,962 241,226
2024 Total Population : 10,095 83,556 201,938
2024 Employed Civilian Pop : 4,968 42,134 101,155
2024 Total Businesses : 187 1,690 4,728
2024 Average Household Income : $ 185,093 $ 199,535 $ 202,512
2024 Total Consumer Spending : $ 471 M $ 4381 M $ 10966 M
2024 Median Age : 35 36 37
2024 Total Households : 2,958 25,692 63,389
2024 Pop Age 25+: Bachelor's Degree : 2,563 21,755 51,484
2024 Average Home Value : $ 563,518 $ 629,608 $ 628,528
*ESRI data is presented for informational purposes only

Listing Broker

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