McDonald's - Martinsburg, WV
3,928 SF | Retail Building | Martinsburg, WV 25404 | $2,064,119 ($525/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,064,119
- Property Type
-
Retail
- Square Feet
- 3,928 SF
- Price / Square Foot
- $525
Listing Contacts
Edward Laycox
Verified Profile
- Property Info
Property Overview
This Location Ranks in the top 26% of all McDonald’s in the USA (Placer. Ai Data)
• The tenant, McDonald’s, has operated at this location for 9+ years and has 10.4 years remaining on their current lease with 6 (5-year) options to extend, demonstrating their commitment to the site
• The ground lease features 10% rental increases every 5 years and at the beginning of each option period to extend the lease term
• The lease is corporate signed by McDonald’s Corporation, a credit rated tenant (Fitch: BBB+), nationally recognized and an established
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Investor benefits from leased fee interest (land ownership)
• Ideal, management-free investment for an out-of-state, passive investor
• McDonald’s is an outparcel to a MARTIN’S anchored shopping center, providing a steady consumer base from which to draw
• 1.5 miles South from the I-81 on/off ramp (76,800 VPD), allowing for customers to benefit from direct access to the interstate and surrounding trade area
• The immediate trade area is surrounded by retailers such as ALDI, Walgreens, Big Lots, Wendy’s, and more
• The asset has excellent visibility along Edwin Miller Blvd (20,700 VPD) and multiple points of ingress/egress
• More than 64,000 residents and 25,000 employees support the trade area
• $87,774 average household income
• The tenant, McDonald’s, has operated at this location for 9+ years and has 10.4 years remaining on their current lease with 6 (5-year) options to extend, demonstrating their commitment to the site
• The ground lease features 10% rental increases every 5 years and at the beginning of each option period to extend the lease term
• The lease is corporate signed by McDonald’s Corporation, a credit rated tenant (Fitch: BBB+), nationally recognized and an established
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Investor benefits from leased fee interest (land ownership)
• Ideal, management-free investment for an out-of-state, passive investor
• McDonald’s is an outparcel to a MARTIN’S anchored shopping center, providing a steady consumer base from which to draw
• 1.5 miles South from the I-81 on/off ramp (76,800 VPD), allowing for customers to benefit from direct access to the interstate and surrounding trade area
• The immediate trade area is surrounded by retailers such as ALDI, Walgreens, Big Lots, Wendy’s, and more
• The asset has excellent visibility along Edwin Miller Blvd (20,700 VPD) and multiple points of ingress/egress
• More than 64,000 residents and 25,000 employees support the trade area
• $87,774 average household income
Property Details
- Class
- B
- Year Built
- 2014
- Stories
- 1
- Lot Size (sq. ft)
- 44,431 SF
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