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Restaurant

McDonald's

265 Perry Pkwy, Perry, GA 31069

Listing Price: $1,779,412

Cap Rate
4.25%
Tenant Name
McDonald's
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
3,864
Lease Type
NNN Ground Lease
Rent Per Square Feet
$19.57

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.

Investment Highlights

  • Over 5 Years Remaining on Corporately Guaranteed Triple Net Ground Lease
  • 10 Percent Increases Every Five Years in Firm Term and Four Five-Year Renewal Options
  • Double Drive-Through on Spacious 1.27-Acre Parcel
  • Dedicated Turn Lanes Into the Retail Center From Perry Parkway (U.S. Highway 341 and Georgia State Route 11)
  • Within One Block of 28,600+ AADT Signalized Intersection
  • 14.1 Percent Population Increase in City of Perry From 2020 to 2022
  • Cost of Living 17.6 Percent Lower Than National Average
  • Retail Neighbors Include Publix, Starbucks, Subway, Marco's Pizza, T-Mobile, Mavis Tire, O'Reilly Auto Parts, Circle K, Wendy's and Zaxby's

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

McDonald's

Listing Price: $1,779,412

Cap Rate
4.25%
Tenant Name
McDonald's
Years Remaining On Lease
5.1
Guarantor
Corporate Guarantee
Rentable SF
3,864
Lease Type
NNN Ground Lease
Rent Per Square Feet
$19.57

Investment Highlights

  • Over 5 Years Remaining on Corporately Guaranteed Triple Net Ground Lease
  • 10 Percent Increases Every Five Years in Firm Term and Four Five-Year Renewal Options
  • Double Drive-Through on Spacious 1.27-Acre Parcel
  • Dedicated Turn Lanes Into the Retail Center From Perry Parkway (U.S. Highway 341 and Georgia State Route 11)
  • Within One Block of 28,600+ AADT Signalized Intersection
  • 14.1 Percent Population Increase in City of Perry From 2020 to 2022
  • Cost of Living 17.6 Percent Lower Than National Average
  • Retail Neighbors Include Publix, Starbucks, Subway, Marco's Pizza, T-Mobile, Mavis Tire, O'Reilly Auto Parts, Circle K, Wendy's and Zaxby's

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.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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