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29021497
29021498

2501 US-421, Harlan, KY 40831

SH
CA CA 02028350
Cushman & Wakefield San Francisco
AB
CA 00913825
Cushman & Wakefield - San Francisco, California
Listed by Cushman & Wakefield San Francisco, Cushman & Wakefield - San Francisco, California
$2,000,000
156 days on market
Updated 3 days ago

McDonald's Renewed- +/-21 years left - Rare Sales Reporting

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 4,810
Units 1
Cap Rate 4.00%
NOI $80,000
Occupancy 100%
Tenancy Single
Brand/Tenant McDonald's
Lease Type Absolute NNN
Lease Term 22
Lease Expiration 10/19/2047
Remaining Term 21.4
Rent Bumps Yes
Price per SqFt $416
Buildings 1
Stories 1
Acreage 1.150
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes

±22 Year NNN GL | Market-Leading National Credit | Limited Local QSR Competition

Marketing description

Cushman & Wakefield is pleased to offer the opportunity to acquire a single-tenant McDonald’s ground lease located on a prominent parcel along US-421, the primary commercial corridor serving Harlan and the surrounding trade area. US-421 functions as a vital regional thoroughfare, providing direct connectivity to neighboring communities throughout southeastern Kentucky and supporting consistent local and commuter traffic. The property benefits from excellent visibility, direct ingress and egress, and a central in-town location, positioning it as a premier quick-service restaurant destination within the market.

The surrounding area features a strong mix of essential retail, civic uses, and established residential neighborhoods, driving reliable daily traffic and consumer demand. As one of the leading national brands in the region, McDonald’s serves a broad customer base and benefits from limited national QSR competition in the immediate trade area. The site’s long operating history further highlights its status as a well-established, irreplaceable retail location within the Harlan community.

Listed in conjunction with Kentucky licensee.

Investment highlights

  • ±21.5 years remaining on the ground lease, representing the longest McDonald’s lease term currently available in the market.

  • Recent 20-year lease extension executed in December 2025 with 10% rent increases every five years.

  • Over 40 years of operating history at the site, demonstrating strong unit performance and long-term tenant commitment.

  • Exceptional sales volumes supported by investment-grade McDonald’s credit, providing durable income and downside protection.

  • Freestanding, single-tenant restaurant with prominent visibility and direct access along US-421.

  • Primary fast-food destination serving the Harlan, Kentucky community with limited nearby competition.

  • Located along US-421, a key regional connector driving consistent daily traffic.

  • Essential retail investment in a supply-constrained rural market.

Listing Contacts

SH
CA CA 02028350
Cushman & Wakefield San Francisco
AB
CA 00913825
Cushman & Wakefield - San Francisco, California
Listed by Cushman & Wakefield San Francisco, Cushman & Wakefield - San Francisco, California

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$80,000.00
$6,666.67/mo

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