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Views: 123 DOM: 91 Updated: 07.16.24 Posted: 06.08.24 Status: Active

Summary

Price $2,823,500
Built/Renov 2015/2024
Tenant CosMc's
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,782
Lease Start 05-01-2024
#Units 3
Price/SF $746.56
Expiration 05-31-2035
Tenant Type Fast Food/QSR
NOI $127,050
R. Term 10.8
Ownership Fee Simple
Rent/SF $33.59
Increases 10.0%/5/yrs
Pop 5Mi 311,463
Lot/AC 1.23
Options 5/5yrs/10%
AHHI 5Mi $137,323

Lease Highlights

  • CosMc's recently executed a brand-new 11-year lease with 5 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

CosMc's is strategically located on Denton Highway, with access to 45,074 vehicles passing by daily. The property is situated 12 miles from Fort Worth Alliance Airport and downtown Fort Worth. This public airport is the second-largest airport facility in North Texas. The immediate area is home to well-known national tenants, including Public Storage, Subway, McDonald's, Pizza Hut, Starbucks,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: CosMc's
  • Guarantor:Corp T and Rated
  • Company:McDonald's
  • # Units:3
  • Tenant S&P: BBB+
  • Moody’s: Baa1
  • Stock: NYSE: MCD

About Tenant

CosMc's is an American fast food restaurant developed by McDonalds. It launched in December of 2023, with a drive-thru only concept location in the Chicago suburb of Bolingbrook, IL. Inspired...


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Listing Broker

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