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McDonald's (GL)

4220 Clubhouse Road, Lakeland, FL 33812

$1,640,000

Cap Rate 3.80%

$1,782,000

Cap Rate 3.50%

DOM: 28 Updated: 01.18.24 Posted: 01.18.24 Status: Sold 02.16.24

Summary

Price $1,640,000 $1,782,000
Built/Renov 2015
Tenant McDonald's (GL)
Cap Rate 3.80% 3.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,290
Lease Start 01-01-2015
#Units 40,275
Price/SF $716.16 $778.17
Expiration 12-31-2034
Tenant Type Fast Food/QSR
NOI $62,400
R. Term 9.8
Ownership Ground Lease
Rent/SF $27.25
Increases 10.0%/1/yrs
Pop 5Mi 73,997
Lot/AC 1.38
Options 6/5yrs/10%
AHHI 5Mi $106,641

Jereme Snyder
Colliers NNN Group
Contact

Eric Carlton
Colliers NNN Group
Contact

Lease Highlights

  • McDonald’s has 10+ years remaining on the current ground lease term with 6 (5-year) options to extend
  • Lease features 10% rental increases every 5 years throughout the initial term and at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

McDonald's is strategically located at the signalized, hard corner intersection of Bartow Road and Clubhouse Road, which has a combined daily traffic count of 55,000. The property is surrounded by prominent national retailers, including Publix, Advance Auto Parts, O’Reilly Auto Parts, Mavis Tire & Brakes, Taco Bell, Wendy’s, and more. The 5-mile trade area is supported by a population of...

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Key Features

  • Signalized intersection

  • Hard corner intersection

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Top 100 MSA

  • Income tax free state

  • Absolute NNN

  • Long 10+ yr lease

  • Traded and rated company

  • Investment grade tenant

    • ...

Links

McDonald's Wikipedia McDonald's Wikipedia Lakeland, Florida Zip Code 33812 Broker Site Page

Maps

  • 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...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 6,316 28,121 76,431
2023 Total Population : 6,377 27,624 76,016
2023 Employed Civilian Pop : 3,211 14,124 37,072
2023 Total Businesses : 156 536 2,334
2023 Average Household Income : $ 96,243 $ 115,117 $ 106,480
2023 Total Consumer Spending : $ 201 M $ 953 M $ 2543 M
2023 Median Age : 38 40 41
2023 Total Households : 2,438 9,726 27,762
2023 Pop Age 25+: Bachelor's Degree : 728 4,280 11,547
2023 Average Home Value : $ 283,857 $ 311,997 $ 309,807
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bartow Rd Clubhouse Rd 2005 39,500 0.06 mi
Clubhouse Road 13th St SE 2022 13,100 0.39 mi
Clubhouse Road Highlands by the 2021 12,900 0.41 mi
Bartow Road Bartow Rd 2022 45,500 0.57 mi
Bartow Rd E F Griffin Rd 2005 37,000 1.30 mi
E. F. Griffin Road Wind Meadows Dr 2022 3,200 1.80 mi
Winter Lake Road Jacque Lee Ln 2022 12,200 2.19 mi
Winter Lake Road Reynolds Rd 2021 16,100 2.22 mi
Winter Lake Road Reynolds Rd 2022 18,200 2.22 mi
Winter Lake Rd Waterfield Rd 2005 14,500 2.27 mi

Listing Broker

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