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28827364
28827366

6026 Devinwood Dr, Baytown, TX 77523

RB
TX TX 632534
Real Capital Investments
JM
TX TX #839426
Real Capital Investments
DO
698264
Real Capital Investments
Listed by Real Capital Investments
$2,312,500
175 days on market
Updated 38 days ago

McDonald's Ground Lease

Details
APN 44129
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,686
Units 1
Cap Rate 4%
NOI $92,500
Occupancy 100%
Tenancy Single
Brand/Tenant McDonald's
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 12/31/2045
Remaining Term 19.6
Rent Bumps Yes
Lease Options Eight (8) Additional (5-Year) Options
Price per SqFt $627
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 1.190
Zoning Commercial F-1
Parking Spaces 37 spaces
Parking Per SqFt 10.04
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/05/2025
Occupancy Date 12/05/2025
Ground Lease Yes
Ownership Fee Simple
Sale Condition For sale by owner

Low $2.3m Price-Point McDonald's in Houston MSA

Investment highlights

  • Brand New 20 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Eight (5-Year) Options to Renew

  • 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation

  • Corporately Guaranteed Lease by McDonald’s USA – Founded in 1940, McDonald’s is the Largest Quick Service Restaurant Chain in the World with More Than 43,000 Locations Worldwide, Generating $25.9 Billion in Revenue in 2024

  • New Construction, Pride of Ownership Asset Featuring McDonald’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property

  • Intrinsic Value – Low Rent and Price Basis – Large Format Restaurant at 3,686 Square Feet on a Sizeable 1.109 Acre Parcel Containing 37 Parking Spaces and 2 Drive-Thru Lanes, Providing McDonald’s with the Ability to Effectively Handle High Restaurant Volume

  • High Traffic Location with Excellent Visibility – Situated at the Signalized, Hard Corner Intersection of Highway 146 and Devinwood Drive with More Than 44,000 Vehicles Per Day

  • Strong Demographics – Over 86,000 People within a 5-Mile Radius with Average Household Income Exceeding $138,000 Annually within a 1-Mile Radius of the Property

  • Tremendous Recent Growth – 38% Population Growth within a 5-Mile Radius of the Property Since the 2010 Census – Projected Growth of 6% by 2030

  • Strategically Positioned Directly Across from Johnny T. Clark Elementary School with More Than 680 Students Currently Enrolled

  • High Daytime Population of Over 24,000 Employees from Nearby Employers Such as the 1,650+ Acre Covestro Production Plant with More Than 2,000 Employees, the 12 Million+ Square Foot Katoen Natie Houston Baytown Chambers Logistics Terminal, the Dual Rail-Served, 1,200 Acre Ameriport Industrial Park, and the 3,400 Acre ExxonMobil Baytown Complex with More Than 10,000 Personnel That Generates Over $7 Billion Annually for the Local Economy

  • Tremendous Multi-Family Density with More Than 9,800 Apartment Units within a 5-Mile Radius of the Property

  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset

Listing Contacts

RB
TX TX 632534
Real Capital Investments
JM
TX TX #839426
Real Capital Investments
DO
698264
Real Capital Investments
Listed by Real Capital Investments

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,500.00
$7,708.33/mo

Valuation Metrics

0
DSCR
4%
Cap Rate
4%
ROI

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Additional Information

Name
Randy Bell
License
TX 632534
Brokerage
Real Capital Investments
Title
Principal
Brokerage Address
4619 Insurance Lane
Name
Jordan McClellan
License
TX #839426
Brokerage
Real Capital Investments
Brokerage Address
4619 Insurance Lane
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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