McDonald's
4,451 SF | 100% Leased | Retail Building | Lexington, KY 40511 | $1,600,000 ($359/SF) | 4.17% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,600,000
- Property Type
-
Retail
- Square Feet
- 4,451 SF
- Price / Square Foot
- $359
Listing Contacts
Taylor Trepinski
Verified Profile
Phil DiGennaro
Verified Profile
Graham Gold
Verified Profile
- Property Info
Property Overview
Long term absolute NNN ground lease with over 16 years remaining providing passive ownership opportunity for investors with zero landlord responsibilities.
Property Details
- Year Built
- 2020
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 54,014 SF
Highlights
- McDonald’s is a leading QSR brand globally with revenue of $129bn and a S&P credit rating of BBB+.
- Lexington is home to the University of Kentucky, the largest university in the state, with enrollment of over 34,000 students.
- Annual rent of $66,731 allows for long term profitability at the site.
- Ideally situated on throughfare Georgetown Rd (24,000 VPD), the main north/south thoroughfare connecting I-64 to the University
- Latest McDonald’s prototype building with a double drive-thru.
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