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Vacant-User

McDonald's

14 Plaza Way, Fairhaven, MA 02719

Listing Price: $2,225,000

Cap Rate
4.20%
Gross SF
4,322
Rentable SF
4,322
Price/Gross SF
$514.81
Lot Size
13.74 acres
Year Built
1976

Investment Overview

Marcus & Millichap is pleased to present the McDonald’s located at 14 Plaza Way in Fairhaven, Massachusetts. This property consists of a 4,322 SF building on a ground leased pad to a large shopping center that includes Staples, Dollar Tree, Big Lots and Tractor Supply. McDonald’s has been at this location since the 1970’s, and the building has undergone multiple renovations over the years, including a recent million-dollar-plus remodel to bring the building in line with current McDonald’s branding and design.

The site boasts excellent visibility, sitting at the signalized intersection of US Route 6 and Alden Road, which together see a total of more than 20,000 vehicles per day. The double drive-thru design and large lot also provide easy accessibility. The property is located in a dense retail corridor, surrounded by several other national and regional tenants including Walmart, Marshalls, Ocean State Job Lot, Harbor Freight, Dunkin’, Wendy’s, Burger King, Taco Bell, and many more. The South Coast Rail extension promises to dramatically simplify commuting into Boston from Fairhaven and surrounding communities, which has resulted in an increase in local development, as evidenced by the recently developed Chipotle right next door to the McDonald’s lot and a brand new Starbucks right up the road.

The nature of the ground lease results in an asset that requires no day-to-day responsibilities, and the relatively low rent creates an opportunity for an investor to acquire an extremely stable asset with a long standing, A+ tenant in a highly desirable location for under $2.5M, a rarity for a McDonald’s location.

Investment Highlights

  • WELL ESTABLISHED TENANT WITH NEARLY FIFTY YEARS OF OPERATION AT THE SITE
  • GROUND LEASE STRUCTURE RESULTS IN ZERO LANDLORD RESPONSIBILITIES
  • SITUATED AT THE SIGNALIZED INTERSECTION OF ROUTE 6 AND ALDEN RD, WHICH SEES >20,000 VPD
  • DOUBLE DRIVE-THRU DESIGN AND LARGE LOT WITH MORE THAN 55 PARKING SPACES
  • LOCATED ON A STRONG RETAIL CORRIDOR, WITH MANY NATIONAL TENANTS IN CLOSE PROXIMITY

Exclusively Listed By

Financing By

Vacant-User

McDonald's

Listing Price: $2,225,000

Cap Rate
4.20%
Gross SF
4,322
Rentable SF
4,322
Price/Gross SF
$514.81
Lot Size
13.74 acres
Year Built
1976

Investment Highlights

  • WELL ESTABLISHED TENANT WITH NEARLY FIFTY YEARS OF OPERATION AT THE SITE
  • GROUND LEASE STRUCTURE RESULTS IN ZERO LANDLORD RESPONSIBILITIES
  • SITUATED AT THE SIGNALIZED INTERSECTION OF ROUTE 6 AND ALDEN RD, WHICH SEES >20,000 VPD
  • DOUBLE DRIVE-THRU DESIGN AND LARGE LOT WITH MORE THAN 55 PARKING SPACES
  • LOCATED ON A STRONG RETAIL CORRIDOR, WITH MANY NATIONAL TENANTS IN CLOSE PROXIMITY

Investment Overview

Marcus & Millichap is pleased to present the McDonald’s located at 14 Plaza Way in Fairhaven, Massachusetts. This property consists of a 4,322 SF building on a ground leased pad to a large shopping center that includes Staples, Dollar Tree, Big Lots and Tractor Supply. McDonald’s has been at this location since the 1970’s, and the building has undergone multiple renovations over the years, including a recent million-dollar-plus remodel to bring the building in line with current McDonald’s branding and design. The site boasts excellent visibility, sitting at the signalized intersection of US Route 6 and Alden Road, which together see a total of more than 20,000 vehicles per day. The double drive-thru design and large lot also provide easy accessibility. The property is located in a dense retail corridor, surrounded by several other national and regional tenants including Walmart, Marshalls, Ocean State Job Lot, Harbor Freight, Dunkin’, Wendy’s, Burger King, Taco Bell, and many more. The South Coast Rail extension promises to dramatically simplify commuting into Boston from Fairhaven and surrounding communities, which has resulted in an increase in local development, as evidenced by the recently developed Chipotle right next door to the McDonald’s lot and a brand new Starbucks right up the road. The nature of the ground lease results in an asset that requires no day-to-day responsibilities, and the relatively low rent creates an opportunity for an investor to acquire an extremely stable asset with a long standing, A+ tenant in a highly desirable location for under $2.5M, a rarity for a McDonald’s location.

Exclusively Listed By

Financing By

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