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Views: 46 DOM: 42 Updated: 10.18.24 Posted: 10.10.24 Status: Active

Summary

Price $3,249,900
Built/Renov 2025
Tenant McDonald's (GL)
Cap Rate 4.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,690
Lease Start 04-01-2025
#Units 43,000
Price/SF $880.73
Expiration 03-31-2045
Tenant Type Fast Food/QSR
NOI $129,996
R. Term 20.4
Ownership Ground Lease
Rent/SF $35.23
Increases 15.0%/5/yrs
Pop 5Mi 110,477
Lot/AC 1.17
Options 8/5yrs/10%
AHHI 5Mi $148,276

Lease Highlights

  • Brand new 2025 construction
  • New 20-year ground lease with 8 (5-year) options to extend
  • The lease features a 15% rental increase in year 6 and 10% increases every 5 years thereafter throughout the primary term and option periods
  • 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 Bridgeport Avenue and Platt Road, with access to a combined daily traffic count of 22,100 vehicles. Situated at the northern end of a bustling retail, medical, and corporate office corridor, the property is ideally situated between Route 8 and the Trap Falls Reservoir in Fairfield County. Directly across from...

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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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