Investment Overview

Marcus & Millichap is pleased to offer for sale a 3,864-square-foot single-tenant quick-service restaurant (the Property) in Perry, GA, in which McDonald’s LLC has over five years remaining on a triple-net ground lease. McDonald’s has operated at this location since the restaurant was constructed in 2009 and has four 5-year renewal options. The corporately guaranteed lease features 10 percent rent increases every 5 years in the firm term and the options to offset inflation. The 1.27-acre Property includes a double drive-through and is located on Perry Parkway (U.S. Highway 341 and Georgia State Route 11) one block south of the signalized intersection with Houston Lake Road (Georgia State Route 127), in a vibrant retail center anchored by a Publix supermarket. The Property is three blocks northwest of the Houston County Judicial Complex and within two miles of the Houston Healthcare Perry Hospital. The five-mile trade area boasts a 2023 population of 34,782 and an average household income of $92,083. New developments being built in the growing city include a $450 million Jack Links jerky plant and a 129-key Marriott hotel at the Georgia National Fairgrounds & Agricenter, which hosts the annual Georgia National Fair. A Huey Magoo’s chicken restaurant is anticipated to open beside the Property, and a 280-unit mixed-use development called The Encore at the Parkway is planned four blocks northwest of the Property along Houston Lake Road.