McDonald's Ground Lease
4,073 SF | 4-Star Retail Building | Garland, TX 75044 | $2,715,000 ($667/SF) | 3.50% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $2,715,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 4,073 SF
- Price / Square Foot
- $667
Listing Contacts
Michael Yuras
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Vincent Aicale
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Scott Crowle
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Ryan Forsyth
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Kevin Murray
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- Property Info
Property Overview
Very dense infill location with 336,389 residents living within five miles of the site, establishing a large and stable customer base for the property
Affluent demographics with average annual household incomes topping $109,000 within three miles of the site
Gateway to Dallas, Texas, the third most populous city in Texas and the ninth-most populous city in the United States with a total population of 1,295,447 as of 2023
Centrally located near several Garland ISD (the second-largest district in Dallas County) including North Garland High School (2,752 students), LV Berkner High School STEM Academy (2,394 students), Naaman Forest High School (2,224 students), and Webb Middle School (1,072 students)
Surrounded by dense single-family residential developments such as Berkshire Preserve Apartments (560 units), One90 Firewheel (483 units), and Woodlands at the Preserve (364 units)
Affluent demographics with average annual household incomes topping $109,000 within three miles of the site
Gateway to Dallas, Texas, the third most populous city in Texas and the ninth-most populous city in the United States with a total population of 1,295,447 as of 2023
Centrally located near several Garland ISD (the second-largest district in Dallas County) including North Garland High School (2,752 students), LV Berkner High School STEM Academy (2,394 students), Naaman Forest High School (2,224 students), and Webb Middle School (1,072 students)
Surrounded by dense single-family residential developments such as Berkshire Preserve Apartments (560 units), One90 Firewheel (483 units), and Woodlands at the Preserve (364 units)
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 146,797 SF
Highlights
- New 20-year absolute NNN ground lease with scheduled rental increases every five years in initial term and option periods
- McDonald’s is an investment grade tenant, with a “BBB+” credit rating from Standard & Poor’s and a “Baa1” credit rating from Moody’s
- New high-quality 2024 construction in a tax-free state, built to McDonalds’ latest prototype and featuring a dedicated drive-thru
- 10% Rental Increases every 5-years
- Absolute NNN lease requires no landlord management, ideal for a passive investor
- Strategically positioned just off the signalized intersection of Arapaho Road & North Shiloh Road, with access to a combined 41,000 vehicles per day
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