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DOM: 280 Updated: 08.02.24 Posted: 04.05.23 Status: Sold 01.11.24

Summary

Price $1,240,080 $1,265,388
Built/Renov 1990/2015
Tenant McDonald's (GL)
Cap Rate 5.00% 4.90%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,940
Lease Start 03-11-1990
#Units 40,275
Price/SF $251.03 $256.15
Expiration 06-10-2030
Tenant Type Fast Food/QSR
NOI $62,004
R. Term 5.1
Ownership Ground Lease
Rent/SF $12.55
Increases 10.0%/2/yrs
Pop 5Mi 45,116
Lot/AC 1.85
Options 5/5yrs/10%
AHHI 5Mi $63,154

Lease Highlights

  • McDonald’s has been operating in this location for 32+ years
  • Low rent ground lease with 7 years remaining in term with 5 (5-year) options to renew
  • Lease features 10.01% rent increases every 5 years throughout the current term
  • Rental escalations in option periods range between 7.49% - 9.99%
  • Corporate guarantee by McDonald’s Corporation (NASDAQ: MCD)
  • McDonald’s is an investment grade tenant (S&P: BBB+)

Location Description

This McDonald’s fast food restaurant is located along US Highway 11 (18,000 VPD) and within a quarter mile of State Highway 342 (12,000 VPD) and within a mile of Interstate Highway 781. Additionally the site is close to I-81, allowing easy access to Salmon Run Mall, a regional 675,000SF shopping center located in Watertown, New York. Nearby national retailers include Walmart, Aldi, Arby’s,...

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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: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...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Co Rd 138 Cr 138 2010 1,017 0.43 mi
Valley View Dr 2021 5,841 0.63 mi
Co Rd 138 Leroy PkLn 2008 1,173 0.65 mi
Gracey Road Pearl St 2021 299 0.67 mi
US Hwy 11 2021 6 0.75 mi
County Road 138 Hwy 342 2021 609 0.96 mi
Pearl Street Five Corners Rd 2021 4,177 0.98 mi
Gerald Ave 2021 339 1.03 mi
US Hwy 11 Hwy 342 2010 9,125 1.21 mi
State Hwy 342 Hwy 11 2011 12,390 1.25 mi

Listing Broker

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