Restaurant

Corp. McDonald's w/ Drive-Thru | Raleigh MSA | 20-Yr NNN Ground Lease | Brand New 2021 Construction

830 E Williams St, Apex (Raleigh MSA), NC 27502

Listing Price: $2,328,766

Cap Rate
3.65%
Tenant Name
McDonald's
Years Remaining On Lease
0.4
Gross SF
5,120
Guarantor
Corporate Guarantee
Rentable SF
5,120
Price/Gross SF
$454.84
Lease Type
NNN Ground Lease
Rent Per Square Feet
$16.60

Investment Overview

Apex is a town in Wake County, North Carolina. The town is a suburb of both Raleigh and RTP. It is situated to the southwest of Raleigh with direct highway access via US 1. Apex is south of RTP with direct highway access via NC 540. Apex crests the watersheds of both the Neuse and Cape Fear rivers. Neighboring towns include Cary to the north and northeast, Holly Springs to the south, and Raleigh to the east and northeast. The city experienced a population boom in the late 1990s. The Research Triangle Park, established in the 1960s, created strong demand for technology workers. Apex began appearing on Best Place to Live lists starting in 2007 and steadily climbed the charts until reaching the #1 spot in 2015. This also drove population growth. Apex is currently the eighteenth largest municipality in North Carolina.

Investment Highlights

  • Corporate 20 Year NNN Ground Lease Featuring approx. 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Brand New 2021 Construction. Features a Dual-Drive Thru and Below Market Rent.
  • Positioned Along Area's Major Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 28k Vehicles. Near US-1 (49k+ VPD).
  • Located in one of the Fastest Growing Suburbs in the Nation - Apex's Population has Grown to nearly 100% since 2000. 55% Percent of Apex's Population has a Bachelor's Degree or Higher.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $135k and over 157k People Residing within a 5-Mile Radius.
  • Apex was Ranked Money Magazine's Number 1 Place to Live in 2015 and Forbes Currently has Apex Ranked as 63rd Fastest Growing Suburb in the Nation.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

Restaurant

Corp. McDonald's w/ Drive-Thru | Raleigh MSA | 20-Yr NNN Ground Lease | Brand New 2021 Construction

Listing Price: $2,328,766

Cap Rate
3.65%
Tenant Name
McDonald's
Years Remaining On Lease
0.4
Gross SF
5,120
Guarantor
Corporate Guarantee
Rentable SF
5,120
Price/Gross SF
$454.84
Lease Type
NNN Ground Lease
Rent Per Square Feet
$16.60

Investment Highlights

  • Corporate 20 Year NNN Ground Lease Featuring approx. 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Brand New 2021 Construction. Features a Dual-Drive Thru and Below Market Rent.
  • Positioned Along Area's Major Retail & Traffic Corridor - Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 28k Vehicles. Near US-1 (49k+ VPD).
  • Located in one of the Fastest Growing Suburbs in the Nation - Apex's Population has Grown to nearly 100% since 2000. 55% Percent of Apex's Population has a Bachelor's Degree or Higher.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $135k and over 157k People Residing within a 5-Mile Radius.
  • Apex was Ranked Money Magazine's Number 1 Place to Live in 2015 and Forbes Currently has Apex Ranked as 63rd Fastest Growing Suburb in the Nation.

Investment Overview

Apex is a town in Wake County, North Carolina. The town is a suburb of both Raleigh and RTP. It is situated to the southwest of Raleigh with direct highway access via US 1. Apex is south of RTP with direct highway access via NC 540. Apex crests the watersheds of both the Neuse and Cape Fear rivers. Neighboring towns include Cary to the north and northeast, Holly Springs to the south, and Raleigh to the east and northeast. The city experienced a population boom in the late 1990s. The Research Triangle Park, established in the 1960s, created strong demand for technology workers. Apex began appearing on Best Place to Live lists starting in 2007 and steadily climbed the charts until reaching the #1 spot in 2015. This also drove population growth. Apex is currently the eighteenth largest municipality in North Carolina.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    License(s): NC: 303785

    North Carolina

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