McDonalds – Houston
MCDONALD’S GROUND LEASE
Houston, TX
PRICE $1,078,000
GLA 3,940 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 3.5%
LEASE TYPE Absolute NNN Ground Lease
LEASE EXPIRATION May. 2021
YEAR BUILT 1980
Houston, TX
PRICE $1,078,000
GLA 3,940 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 3.5%
LEASE TYPE Absolute NNN Ground Lease
LEASE EXPIRATION May. 2021
YEAR BUILT 1980
DEMOGRAPHICS
Population 2,320,268
Per Capita Inc $31,576
Median HH Inc $51,140
More info in the flyer
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN GROUND LEASE STRUCTURE – The absolute net ground lease offers a passive investment, leaving zero responsibilities for the Landlord throughout the term and option periods.
- COMMITMENT TO LOCATION/GROUND LEASE – McDonald’s built this location in 1980 and recently remodeled their building
- NEWLY REMODELED STORE – McDonald’s remodeled their store less than 10 years ago with 2 drive-thrus and an indoor playground on 0.71 AC
- EXCELLENT DEMOGRAPHICS – located in an area with multiple national retail tenants that services over 360,000 people and 120,000 households in a five-mile radius
- CONTRACTUAL YIELD GROWTH – 10% rental increases every 5 years in each of the four, five-year options to renew through 2041
- CORPORATE GUARANTEE – 2019 Revenue: $21.08 Billion, 2019 Net Income $5.92 Billion, BBB+ (S&P) credit rating
| Price: | $1,078,000 |
| City: | Houston |
| State: | TX |
| Square Feet: | 3,940 SF |
| Price: | $1,078,000 |
| Cap Rate: | 3.5% |