Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners - Global Company
$2,369,000
McDonald's
Details
APN 162-23-504-017
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,207
Cap Rate 3.5%
NOI $82,908
Tenancy Single
Brand/Tenant McDonald's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/14/2035
Remaining Term 8.6
Rent Bumps Yes
Year Built 2013
Acreage 0.500
Zoning General Commercial
Parking Spaces 19 spaces
Parking per 1,000 SqFt 5.92
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 03/15/2015
Ground Lease Yes
Ownership Leased Fee (Land Ownership)
Retail | 3.50% CAP | 3,207 SqFt
Marketing description
SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground leased, McDonald's investment property located in Las Vegas, Nevada. The tenant, McDonald's, has over 8 years of lease term remaining with no remaining options and has operated at this location for over 30 years. The lease features a 12% rental increase in 2030, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
Investment highlights
- McDonald's corporate-signed lease
- Over 8 years of lease term remaining with no remaining options and a 12% rental increase in 2030
- The tenant has operated at this location for over 30 years, demonstrating its commitment to the site
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners - Global Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$82,908.00
$6,909.00/mo
Valuation Metrics
0
DSCR
3.5%
Cap Rate
3.5%
ROI
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Tax History
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