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Restaurant

McDonald's w/ Dual Drive-Thru | Houston MSA | Long Term Absolute Net Ground Lease

318 FM 1488, Conroe (Houston MSA), TX 77384

Listing Price: $2,575,000

Cap Rate
3.50%
Tenant Name
McDonald's
Years Remaining On Lease
18.3
Gross SF
4,456
Guarantor
Corporate Guarantee
Rentable SF
4,456
Price/Gross SF
$577.87
Lease Type
NNN Ground Lease
Rent Per Square Feet
$20.20

Investment Overview

The Property is located at the midway point between Conroe and The Woodlands, about 30 minutes north of Downtown Houston. The Woodland’s area as enjoyed unprecedented commercial growth in the last several years, with more than 4,000 employers, ranging from owner-operated establishments to global corporate headquarters. The Woodlands master-planned community is home to approximately 118,000 residents and 2,100 businesses, as well as 151 parks and 220 miles of hike and bike trails. The community encompasses 28,000 acres, 5,000 of which are dedicated to commercial development in several distinctly different development areas:
• The Woodlands Town Center offers more than 1,500 acres of office buildings, retail establishments, residential and entertainment facilities.
• The Research Forest features secluded development, separated by natural forest vegetation and ponds, providing tranquil campus-like settings for companies.
• College Park contains the campuses of Lone Star College - Montgomery, Lone Star College - University Center, and Sam Houston State University - The Woodlands Center, large shopping plazas and the Trade Center, a warehousing and distribution Business Park.
• Hughes Landing is a 66-acre mixed-use development that includes Class A office space, high density residential living, a restaurant row and gourmet grocer on a lakeside setting.
• Research Forest Lakeside is a 77-acre corporate campus that includes convenience retail overlooking Lake Woodlands.

Investment Highlights

  • 18+ Year Absolute Net Ground Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. New High Quality Construction w/ Dual Drive-Thru.
  • McDonald's (NYSE: MCD) is Ranked #169 on the Fortune 500 List, Features Investment Grade Credit Rating "BBB+" by S&P's and has an Annual Revenue Exceeding $23.1 Billion.
  • Located Just North of The Woodlands: The Most Prosperous Suburb of Houston - Celebrated for its Blend of Natural Beauty, High Quality of Life, and Robust Community Infrastructure
  • The Property is One Block West of I-45, with 196k Daily Vehicles. Positioned Along expanded FM 1488, an East-West thoroughfare connecting I-45 to Highway 290, it offers Excellent Visibility and Access to approx. 48k Vehicles Per Day.
  • There are 5 Apartment Complexes in the Immediate Area, comprised of 1,697 Units and boasting a 94% Occupancy Rate - The Towers Woodland is located directly Adjacent to the Property and is the most Recent and Largest of the Developments w/ 416 Units.
  • Densely Populated and Affluent Area: Features an Average Household Income of $131k+ and over 117k People Residing within a 5-Mile Radius. Conroe is one of the fastest growing cities in the U.S. - Population has more than doubled since 2000 and Continues to Grow at Record Speeds.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • In Close Proximity to Numerous National Retailers including Walmart Supercenter, Kroger, Dick's Sporting Goods, Burlington, At Home, Lowe's, Kohl's, Costco, Ross Dress for Less and many more.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

McDonald's w/ Dual Drive-Thru | Houston MSA | Long Term Absolute Net Ground Lease

Listing Price: $2,575,000

Cap Rate
3.50%
Tenant Name
McDonald's
Years Remaining On Lease
18.3
Gross SF
4,456
Guarantor
Corporate Guarantee
Rentable SF
4,456
Price/Gross SF
$577.87
Lease Type
NNN Ground Lease
Rent Per Square Feet
$20.20

Investment Highlights

  • 18+ Year Absolute Net Ground Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. New High Quality Construction w/ Dual Drive-Thru.
  • McDonald's (NYSE: MCD) is Ranked #169 on the Fortune 500 List, Features Investment Grade Credit Rating "BBB+" by S&P's and has an Annual Revenue Exceeding $23.1 Billion.
  • Located Just North of The Woodlands: The Most Prosperous Suburb of Houston - Celebrated for its Blend of Natural Beauty, High Quality of Life, and Robust Community Infrastructure
  • The Property is One Block West of I-45, with 196k Daily Vehicles. Positioned Along expanded FM 1488, an East-West thoroughfare connecting I-45 to Highway 290, it offers Excellent Visibility and Access to approx. 48k Vehicles Per Day.
  • There are 5 Apartment Complexes in the Immediate Area, comprised of 1,697 Units and boasting a 94% Occupancy Rate - The Towers Woodland is located directly Adjacent to the Property and is the most Recent and Largest of the Developments w/ 416 Units.
  • Densely Populated and Affluent Area: Features an Average Household Income of $131k+ and over 117k People Residing within a 5-Mile Radius. Conroe is one of the fastest growing cities in the U.S. - Population has more than doubled since 2000 and Continues to Grow at Record Speeds.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • In Close Proximity to Numerous National Retailers including Walmart Supercenter, Kroger, Dick's Sporting Goods, Burlington, At Home, Lowe's, Kohl's, Costco, Ross Dress for Less and many more.

Investment Overview

The Property is located at the midway point between Conroe and The Woodlands, about 30 minutes north of Downtown Houston. The Woodland’s area as enjoyed unprecedented commercial growth in the last several years, with more than 4,000 employers, ranging from owner-operated establishments to global corporate headquarters. The Woodlands master-planned community is home to approximately 118,000 residents and 2,100 businesses, as well as 151 parks and 220 miles of hike and bike trails. The community encompasses 28,000 acres, 5,000 of which are dedicated to commercial development in several distinctly different development areas: • The Woodlands Town Center offers more than 1,500 acres of office buildings, retail establishments, residential and entertainment facilities. • The Research Forest features secluded development, separated by natural forest vegetation and ponds, providing tranquil campus-like settings for companies. • College Park contains the campuses of Lone Star College - Montgomery, Lone Star College - University Center, and Sam Houston State University - The Woodlands Center, large shopping plazas and the Trade Center, a warehousing and distribution Business Park. • Hughes Landing is a 66-acre mixed-use development that includes Class A office space, high density residential living, a restaurant row and gourmet grocer on a lakeside setting. • Research Forest Lakeside is a 77-acre corporate campus that includes convenience retail overlooking Lake Woodlands.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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