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Views: 178 DOM: 166 Updated: 11.12.24 Posted: 06.08.24 Status: Active

Summary

Price $2,541,000
Built/Renov 2015/2024
Tenant CosMc's
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,782
Lease Start 05-01-2024
#Units 3
Price/SF $671.87
Expiration 05-31-2035
Tenant Type Fast Food/QSR
NOI $127,050
R. Term 10.6
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

  • Brand new 11-year lease with 5 (5-year) options to renew
  • 10% rental increases every 5 years 
  • Absolute NNN lease | 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 18,007 141,973 323,165
2024 Total Population : 18,352 143,007 319,573
2024 Employed Civilian Pop : 10,339 82,003 178,296
2024 Total Businesses : 383 3,184 9,949
2024 Average Household Income : $ 121,017 $ 118,857 $ 124,954
2024 Total Consumer Spending : $ 640 M $ 5325 M $ 12626 M
2024 Median Age : 37 37 37
2024 Total Households : 6,058 51,102 115,529
2024 Pop Age 25+: Bachelor's Degree : 3,251 25,916 60,255
2024 Average Home Value : $ 322,080 $ 360,725 $ 383,673
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hightower Dr Basswood Blvd 2004 41,000 0.28 mi
Constitution Hightower Dr 2009 11,580 0.31 mi
Denton Highway Bunker Blvd 2022 33,626 0.36 mi
Basswood Blvd Parkwood Hill Blvd 2009 24,140 0.37 mi
Canyon Lands Dr Parkwood Plz Dr 2009 389 0.37 mi
Starnes Rd Kelly Lynn Ln 2004 430 0.38 mi
Starnes Rd Partridge Dr 2009 5,290 0.50 mi
Park Vista Blvd Basswood Blvd 2009 11,430 0.50 mi
Crescent Lake Dr PkVista Blvd 2000 4,519 0.58 mi
Cedarhill Rd Starnes Rd 2004 230 0.59 mi

Listing Broker

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