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19361240

2150 E Hwy 6, Alvin, TX 77511

RM
TX 468974, TX0328624
Internet Property.Com Inc
Listed by Internet Property.Com Inc
$3,285,714
717 days on market
Updated 5 days ago

Mcdonalds

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,200
Cap Rate 3.5%
NOI $115,000
Occupancy 100%
Tenancy Single
Brand/Tenant McDonald's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/01/2044
Remaining Term 18.3
Rent Bumps Yes
Price per SqFt $782
Class A
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/01/2024
Occupancy Date 11/01/2024
Ground Lease Yes
Sale Condition 1031 exchange

Brand New 20 Year NNN Mcdonalds Ground Lease with bumps

Marketing description

Brand New NNN Mcdonalds ground lease for 20 years with 10% bumps every five years

Across from Home Depot on Busy Highway 6 location in growth area of Alvin (Houston)

Relo from Walmart location around the corner

Next to 7-11, Chick fil A and panda express

Low ground rent for the area

Perfect for IRS 1031 small exchange

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

Absolute NNN lease requires no landlord management, ideal for a passive investor

Investment highlights

Brand New NNN Mcdonalds ground lease for 20 years with 10% bumps every five years

Across from Home Depot on Busy Highway 6 location in growth area of Alvin (Houston)

Relo from Walmart location around the corner

Next to 7-11, Chick fil A and panda express

Low ground rent for the area

Perfect for IRS 1031 small exchange

Listing Contacts

RM
TX 468974, TX0328624
Internet Property.Com Inc
Listed by Internet Property.Com Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$115,000.00
$9,583.33/mo

Valuation Metrics

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DSCR
3.5%
Cap Rate
3.5%
ROI

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