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Views: 48 DOM: 40 Updated: 10.24.24 Posted: 10.24.24 Status: Active

Summary

Price $1,412,000
Built/Renov 1984/2023
Tenant McDonald's (GL)
Cap Rate 4.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 3,719
Lease Start 04-16-1984
#Units 43,000
Price/SF $379.67
Expiration 08-01-2034
Tenant Type Fast Food/QSR
NOI $60,000
R. Term 9.8
Ownership Ground Lease
Rent/SF $16.13
Increases 10.0%/5/yrs
Pop 5Mi 31,657
Lot/AC 2.08
Options 4/5yrs/10%
AHHI 5Mi $86,925

Lease Highlights

  • McDonalds has been operating in this location since 1984
  • Total interior & exterior renovation in 2023
  • The tenant has 9+ years remaining on the current ground lease term with a 10% rent increase in 2029 and in each of the 4 (5-year) option periods 
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

McDonald’s is strategically located on Chambers Road, with access to 18,633 vehicles passing by daily. The property is conveniently positioned just steps from the on-ramp to Interstate 86, which sees 28,727 VPD. It is also adjacent to Dunkin’, Baskin-Robbins, and Spirit Halloween, and sits directly across from the Arnot Mall, anchored by JCPenney and Burlington. Over the past 12 months, Arnot...

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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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