Investment Highlights

20-YEAR ABSOLUTE NNN GROUND LEASE TO ICONIC CORPORATE TENANT
» McDonald’s is an investment grade tenant, with a “BBB+” credit rating from Standard & Poor’s and a “Baa1” credit rating from Moody’s
» No landlord responsibilities, providing an ideal low-management investment opportunity
» Eight (8) option periods of five (5) years each
» 10% rental increases every five years, providing a hedge against inflation

HIGH-TRAFFIC LOCATION IN GROWING RETAIL AND COMMERCIAL CORRIDOR
» 24,841 vehicles per day directly in front of the property and immediate access to Grand Parkway with 61,554 vehicles per day
» Located at the entrance of the Gleannloch Farms master-planned community with 3,200 homes and 384 Class A apartments
» Located within the 10-acre Gleannloch Crossing Retail Center, with numerous national tenants including H-E-B, Taco Bell, Popeyes, Regions Bank, Sherwin Williams, AT&T, Subway, MOD Pizza, UPS, and more tenants on the way

EXCELLENT LOCATION IN RAPIDLY GROWING SUBMARKET WITHSTRONG DEMOGRAPHICS
» Between 2010 and 2019, the Tomball/Spring submarket experienced a historic annual growth rate of 49 percent
» Average household income of $153,735 within a one-mile radius of the property
» 198,811 residents live within a five-mile radius

Property Description

SOLD

The property is conveniently located just off of Grand Parkway (61,554 vehicles per day) and near Champion Forest Drive (24,841 vehicles per day). The property is within Gleannloch Crossing, a 10-acre retail center, with numerous national tenants including but not limited to H-E-B, Taco Bell, Popeyes, Regions Bank, Sherwin Williams, AT&T, Subway, MOD Pizza, and UPS. This McDonald’s is situated at the entrance of the Gleannloch Farms master-planned community with 3,200 homes and 384 Class A apartments. The property is also directly adjacent to Gleannloch Forest, a seven-acre retail center.

The property is located in the Tomball/Spring trade area. Between 2010 and 2019, the Tomball/Spring submarket, experienced a historic annual growth rate of 49 percent. 21,186 homes are within a three-mile radius of the property. These residential developments are highlighted by Gleannloch Farms, with 3,705 homes and Northpointe Homes with 3,879 homes. The Spring/Tomball area’s status as an emerging economic center has attracted wealthy professionals to the region, making the submarket one of the richest in Houston. The average household income within a one-mile radius of the property is $153,735, and 198,811 residents with an average household income of $123,534 live within a five-mile radius.