McDonald's (GL)

104 North Chestnut Street, Jefferson, OH 44047

$1,400,000

Cap Rate 4.32%

Views: 134 DOM: 190 Updated: 08.24.24 Posted: 04.22.24 Status: Sold 10.30.24

Summary

Price $1,400,000	Built/Renov 2014	Tenant McDonald's (GL)
Cap Rate 4.32%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 4,032	Lease Start 07-11-2014	#Units 40,275
Price/SF $347.22	Expiration 07-11-2034	Tenant Type Fast Food/QSR
NOI $60,500	R. Term 9.6	Ownership Ground Lease
Rent/SF $15.00	Increases 10.0%/10/yrs	Pop 5Mi 8,367
Lot/AC 0.39	Options 8/5yrs/10%	AHHI 5Mi $80,628

Lease Highlights

McDonald’s has 10+ years remaining on the current ground lease term with 8 (5-year) options to extend
The lease features 10% rental escalations at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

McDonald's is strategically located at the signalized, hard-corner intersection of Chestnut Street and Walnut Street, the main thoroughfare, with access to a combined daily traffic count of 7,300 vehicles. The property benefits from excellent signage and visibility, with ingress/egress points on both roads. Additionally, it is within walking distance of the independent shops and services found...

...

Key Features

Signalized intersection
Hard corner intersection
Near major nationals
Strategically located
Strong tenant synergy
Absolute NNN
Long 10+ yr lease
Limited competition
Traded and rated company
Investment grade tenant

...

Links

McDonald's Wikipedia McDonald's Wikipedia Jefferson, Ohio Zip Code 44047 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: McDonald's
Guarantor:Corp T and Rated
Company:McDonald's Corporation
# Units:40,275
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...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,074	5,202	8,185
2023 Total Population :	3,143	5,322	8,367
2023 Employed Civilian Pop :	1,551	2,606	4,057
2023 Total Businesses :	213	277	360
2023 Average Household Income :	$ 78,607	$ 79,041	$ 80,628
2023 Total Consumer Spending :	$ 91 M	$ 155 M	$ 241 M
2023 Median Age :	45	45	45
2023 Total Households :	1,336	2,241	3,430
2023 Pop Age 25+: Bachelor's Degree :	327	548	788
2023 Average Home Value :	$ 221,376	$ 223,174	$ 222,378

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
North Chestnut Street	E Walnut St	2021	7,011	0.05 mi
S Chestnut St	W Jefferson St	2012	7,280	0.22 mi
E Beech St	N Market St	2003	1,870	0.40 mi
W Beech St	N Chestnut St	2003	5,070	0.43 mi
OH-46	Linden St	2021	5,443	0.45 mi
East Beech Street	N Market St	2021	2,374	0.57 mi
E Mulberry St	Lenox New Lyme Rd	2003	3,040	0.73 mi
OH-307	W Beech St	2021	4,344	0.91 mi
State Rte 46	W Mulberry St	2003	2,210	0.92 mi
North Market Street	Lawyer Rd	2021	1,584	0.94 mi

Listing Broker

Michael Shover

CBRE: NLPG Philadelphia

Contact

62 Listings
9887 Views
25 Sold

Matthew Gorman

CBRE: NLPG Philadelphia

Contact

62 Listings
9887 Views
25 Sold

Michael Shover

Michael Shover joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Shortly after, Michael was inducted into CBRE’s exclusive Net Lease Property Group, leading and specializing in the Mid-Atlantic area. The Net Lease Property Group comprises of a team of senior advisors located within major metropolitan areas throughout the United States who are dedicated to transacting single-tenant assets and net-l

...

Matthew Gorman

Matthew Gorman joined CBRE as Senior Vice President in 2015 specializing in the sale of Net Lease properties in the Mid-Atlantic Region and throughout the country. Matthew and his team's primary goal is to execute for their clients at the highest level by representing their best interests professionally, honestly and with integrity in all aspects of the marketing and sales process. Shortly after joining CBRE, Matthew was inducted into the exclusive Net Lease Property Group, leading the Philadel

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT