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Restaurant

McDonald's

1294 W Chestnut St, Washington, PA 15301

Listing Price: $2,280,000

Cap Rate
4.35%
Tenant Name
McDonald's
Years Remaining On Lease
5.3
Gross SF
2,317
Guarantor
Corporate Guarantee
Rentable SF
2,317
Price/Gross SF
$984.03
Lease Type
NNN Ground Lease
Rent Per Square Feet
$42.81

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 2,317-square-foot drive-through quick-service restaurant (the Property) in Washington, PA, in which McDonald’s Corporation has over 5 years remaining on its triple-net ground lease.

Located on U.S. Highway 40 a half mile from Interstate 70, the Property sits between Burger King and Taco Bell quick-service restaurants on a hotel and retail corridor. A half mile from the Property, the 676,000-square-foot Washington Crown Center shopping mall is anchored by Marshalls, Rural King and Ollie’s Bargain Outlet.

Although Washington County is known for oil, gas and coal production, the city of Washington has a diverse economy including UPMC Washington Hospital, which employs around 1,400 people, and Washington & Jefferson College. Interstates 70 and 79, U.S. Highways 19 and 40, and state routes serve the city, and commuter buses connect Washington to downtown Pittsburgh.

With over $53 billion in U.S. sales in 2024, McDonald’s remains the top quick-service restaurant in the U.S. This drive-through location is open from 4:45 a.m. to 12 midnight to serve customers looking for McDonald’s new $5 breakfast deal as well as late-night Big Macs.

For the investor, this exclusive opportunity combines a U.S. Highway 40 retail-corridor location in the Pittsburgh MSA with the ease of a triple-net ground lease.

Investment Highlights

  • Over 5 Years Remaining on Triple-Net Ground Lease With McDonald's Corporation With No Renewal Options Remaining
  • Drive-Through Located on U.S. Highway 40 a Half Mile From 46,600+ AADT Interstate 70
  • Half Mile to 676,000-Square-Foot Washington Crown Center Shopping Mall
  • 1.8 Miles to 1,162-Student Washington & Jefferson College, Founded in 1781 and Ranked No. 4 in Best Value Colleges in Pennsylvania by CollegeSimply
  • 2.2 Miles to 278-Bed UPMC Washington Hospital, Offering Access to More Than 350 Physicians
  • Within the 2,429,917-Person Pittsburgh MSA and Only 29.3 Miles Southwest of Downtown Pittsburgh

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Listing Price: $2,280,000

Cap Rate
4.35%
Tenant Name
McDonald's
Years Remaining On Lease
5.3
Gross SF
2,317
Guarantor
Corporate Guarantee
Rentable SF
2,317
Price/Gross SF
$984.03
Lease Type
NNN Ground Lease
Rent Per Square Feet
$42.81

Investment Highlights

  • Over 5 Years Remaining on Triple-Net Ground Lease With McDonald's Corporation With No Renewal Options Remaining
  • Drive-Through Located on U.S. Highway 40 a Half Mile From 46,600+ AADT Interstate 70
  • Half Mile to 676,000-Square-Foot Washington Crown Center Shopping Mall
  • 1.8 Miles to 1,162-Student Washington & Jefferson College, Founded in 1781 and Ranked No. 4 in Best Value Colleges in Pennsylvania by CollegeSimply
  • 2.2 Miles to 278-Bed UPMC Washington Hospital, Offering Access to More Than 350 Physicians
  • Within the 2,429,917-Person Pittsburgh MSA and Only 29.3 Miles Southwest of Downtown Pittsburgh

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 2,317-square-foot drive-through quick-service restaurant (the Property) in Washington, PA, in which McDonald’s Corporation has over 5 years remaining on its triple-net ground lease. Located on U.S. Highway 40 a half mile from Interstate 70, the Property sits between Burger King and Taco Bell quick-service restaurants on a hotel and retail corridor. A half mile from the Property, the 676,000-square-foot Washington Crown Center shopping mall is anchored by Marshalls, Rural King and Ollie’s Bargain Outlet. Although Washington County is known for oil, gas and coal production, the city of Washington has a diverse economy including UPMC Washington Hospital, which employs around 1,400 people, and Washington & Jefferson College. Interstates 70 and 79, U.S. Highways 19 and 40, and state routes serve the city, and commuter buses connect Washington to downtown Pittsburgh. With over $53 billion in U.S. sales in 2024, McDonald’s remains the top quick-service restaurant in the U.S. This drive-through location is open from 4:45 a.m. to 12 midnight to serve customers looking for McDonald’s new $5 breakfast deal as well as late-night Big Macs. For the investor, this exclusive opportunity combines a U.S. Highway 40 retail-corridor location in the Pittsburgh MSA with the ease of a triple-net ground lease.

Broker of Record

  • Timothy B. Stephenson Jr.

    Regional Manager

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

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