McDonalds

1845 Georgetown Rd, Lexington, KY
Deal Type:
Net Lease
Price:
$1,668,000
Cap Rate:
4.00%
Current Rent:
$66,731
Lease Type:
Ground Lease
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 16.5 years
Renewal Options:
4 Options at 10 Years Each
Building Sq. Ft.:
4,451 SF
Rent Increases:
10% in Year 11 and at the Beginning of Each Option Period
Site Size:
1.24 AC

Investment Highlights

  • Corporate Lease Structure: Long term absolute NNN ground lease with over 16 years remaining providing passive ownership opportunity for investors with zero landlord responsibilities.
  • Investment Grade Credit Tenant: McDonald’s is a leading QSR brand globally with revenue of $129bn and a S&P credit rating of BBB+.
  • University of Kentucky Location: Lexington is home to the University of Kentucky, the largest university in the state, with enrollment of over 34,000 students.
  • Low Rent Ground Lease: Annual rent of $66,731 allows for long term profitability at the site.
  • Strategic Location: Ideally situated on throughfare Georgetown Rd (24,000 VPD), the main north/south thoroughfare connecting I-64 to the University from the north side of town.
  • Growing Density: Nearby developments include a Publix anchored shopping center and single and multi-family homes which can accommodate more than 4,000 new residents.
  • Double Drive-Thru Location: Latest McDonald’s prototype building with a double drive-thru.

Listing Agents

Taylor Trepinski

Vice President
786 684 1975
[email protected]
phil digennaro stream capital partners

Phil DiGennaro

Managing Director
203 610 1541
[email protected]

Graham Gold

Vice President
314 324 8792
[email protected]

Brian Brockman, Bang Realty. Inc. | 513 898 1551 | [email protected] | Lic: 204982

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