Listed by Atlantic Capital Partners
$2,800,000
McDonald's | Palm Bay, FL
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,395
Cap Rate 3.75%
NOI $105,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Taco Bell
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 11/30/2045
Remaining Term 19.4
Rent Bumps Yes
Lease Options 10 x 5-year options
Year Built 2025
Acreage 1.540
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/14/2025
Ground Lease Yes
3.75% CAP | Corp 20Yr Ground Lease
Investment highlights
CORPORATE GUARANTEE FROM CREDIT TENANT
- McDonald’s has over 40,000 locations worldwide
- S&P Credit Rating of BBB+ and has a market capitalization of $218B (NYSE: MCD)
- Over $23B 2024 Revenue
STRATEGIC CONNECTIVITY
- This brand new construction is less than 3 miles from I -95
- Quick access to Palm Bay-Melbourne-Titusville regional market
- 242 feet of frontage and excellent visibility
PUBLIX OUTPARCEL & NEW DEVELOPMENT
- Immediate trade area features multiple master planned residential communities under construction
- Cypress Bay Preserve. Emerald Lakes and Eddgewood at Everland’s
- Across the street from Courtyard at Waterstone
- Outparcel to Publix Shopping Center
STRONG LEASE FUNDAMENTALS
- 10% rent increase every 5 years during current term & options periods
- 20-year Absolute NNN Ground lease
- Ten (10) five (5) year option periods
BREVARD COUNTY ECONOMIC DRIVERS
- Anchored by aerospace, defense, and high-tech employers
- L3Harris (8,000+ employees), Northrop Grumman (6,500+ employees), and Lockheed Martin contribute to consumer spending
LOCATED IN FAST GROWING & HIGHLY AFFLUENT PALM BAY
- AHHI exceeds $180K in a 1-mile radius
- Within the rapidly growing Palm Bay–Melbourne–Titusville MSA (600,000+ residents)
- Palm Bay is the largest city in Brevard County (127,000+ residents) and benefits from strong aerospace, defense, and tech employment clusters led by Lockheed Martin, L3Harris, and Northrop Grumman
- Potential customers with an AHHI greater than $160,000
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,000.00
$8,750.00/mo
Valuation Metrics
0
DSCR
3.75%
Cap Rate
3.75%
ROI
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