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McDonald’s Ground Lease, Garland, TX (Dallas-Fort Worth MSA)

McDonald’s Ground Lease, Garland, TX (Dallas-Fort Worth MSA)


Investment Summary

Price $2,715,000
Cap Rate 3.50%
NOI $95,000
Lease Term 20 years
Lease Type Absolute NNN ground lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 10% rental increases every five (5) years
Year Built 2024
Building Size 4,073 SF
Lot Size 1.09 acres (47,742 SF)
Status Available
Lead Brokers Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE TO INVESTMENT-GRADE TENANT
» New 20-year absolute NNN ground lease with scheduled rental increases every five years in initial term and option periods
» Absolute NNN lease requires no landlord management, ideal for a passive investor
» McDonald’s (NYSE: “MCD”) is the world’s largest chain of hamburger fast food restaurants, serving over 69 million customers daily in 120 countries across 39,198 outlets
» 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, providing additional customer convenience and boosting sales revenue

PRIME LOCATION IN DENSE RETAIL CORRIDOR EXPERIENCING MAJOR GROWTH
» High-visibility and easily accessible location on North Shiloh Road, the area’s major traffic & retail corridor, with access to over 18,000 vehicles per day directly in front of the site
» Strategically positioned just off the signalized intersection of Arapaho Road & North Shiloh Road, with access to a combined 41,000 vehicles per day
» Located across the street from International Leadership of Texas – Garland High School, serving 557 students in grades 9-12
» Neighbored by new construction projects, including a newly constructed Dutch Bros Coffee, a new Murphy USA c-store/gas station, and a proposed grocery-anchored center with additional retail tenants planned

DENSELY POPULATED AND AFFLUENT DALLAS SUBURB
» Very dense infill location with 336,389 residents living within five miles of the site, establishing a large and stable customer base for the property
» Affluent demographics with average annual household incomes topping $109,000 within three miles of the site
» Gateway to Dallas, Texas, the third most populous city in Texas and the ninth-most populous city in the United States with a total population of 1,295,447 as of 2023
» Centrally located near several Garland ISD (the second-largest district in Dallas County) including North Garland High School (2,752 students), LV Berkner High School STEM Academy (2,394 students), Naaman Forest High School (2,224 students), and Webb Middle School (1,072 students)
» Surrounded by dense single-family residential developments such as Berkshire Preserve Apartments (560 units), One90 Firewheel (483 units), and Woodlands at the Preserve (364 units)

Property Description

» Strategic Location: This McDonald’s is strategically positioned just off the signalized intersection of Arapaho Road & North Shiloh Road, with access to a combined 41,000 vehicles per day
» Beneficial Proximity to Well-Attended Schools: Ideal location with proximity to several Garland ISD (the second-largest district in Dallas County) including North Garland High School (2,752 students), LV Berkner High School STEM Academy (2,394 students), Naaman Forest High School (2,224 students), and Webb Middle School (1,072 students)
» Beneficial Proximity to Large Industrial Regions: As one of the state’s largest manufacturing cities, Garland has a rich manufacturing history and is home to many large industrial employers such as the Texas Instruments Incorporated HQ (34,000 company-wide employees) as well as the Kraft Heinz and US Foods distribution warehouses (1,316 total employees)
» Affluent Demographics: The average annual household income within 3 miles of the site is $109,671, providing an affluent customer base for the site
» Stable Customer Base: 336,389 residents live within 5 miles of the site, creating a stable customer base for the site
» Gateway to Dallas: This McDonald’s is less than 20 miles from Dallas, the third most populous city in Texas and the ninth-most populous city in the United States with a total population of 1,295,447 as of 2023

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