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Views: 37 DOM: 23 Updated: 10.08.24 Posted: 09.25.24 Status: Active

Summary

Price $3,466,667
Built/Renov 2024
Tenant McDonald's (GL)
Cap Rate 3.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,694
Lease Start 12-30-2024
#Units 43,000
Price/SF $938.46
Expiration 12-31-2044
Tenant Type Fast Food/QSR
NOI $130,000
R. Term 20.2
Ownership Ground Lease
Rent/SF $35.19
Increases 10.0%/5/yrs
Pop 5Mi 226,927
Lot/AC 1.84
Options 4/5yrs/10%
AHHI 5Mi $128,767

Lease Highlights

  • Brand new 2024 construction
  • New 20-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

McDonald's is strategically located at the signalized, hard corner intersection of Fry Road and West Road, with access to a combined daily traffic count of 42,595 vehicles. The property is surrounded by prominent national tenants, including AutoZone, Whataburger, Starbucks, Murphy USA, Public Storage, and more. The 5-mile trade area serves a population of 226,927 residents with an affluent...

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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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