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Views: 76 DOM: 63 Updated: 11.15.24 Posted: 09.19.24 Status: Active

Summary

Price $3,600,000
Built/Renov 2024
Tenant McDonald's (GL)
Cap Rate 3.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,864
Lease Start 12-31-2024
#Units 43,000
Price/SF $931.68
Expiration 12-31-2044
Tenant Type Fast Food/QSR
NOI $135,000
R. Term 20.1
Ownership Ground Lease
Rent/SF $34.94
Increases 10.0%/5/yrs
Pop 5Mi 21,865
Lot/AC 1.73
Options 4/5yrs/10%
AHHI 5Mi $147,075

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 throughout the initial 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 W Hewett Road and US Highway 98, a highly-trafficked thoroughfare with access to a combined daily traffic count of 43,366 vehicles. The property is directly across from two nationally recognized assisted living communities, Terra Mar Apartments, Home2Suites by Hilton, the only Walmart Supercenter within a...

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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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