Historical Retail Sale Listing - McDonalds Ground Lease-Atlanta MSA

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McDonalds Ground Lease-Atlanta MSA

6110 Cedarcrest Road NW, Acworth, GA 30101

N/A

4,000 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
4,000 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under Construction/
Proposed
Cap Rate:
4.80%
Occupancy:
100%
Tenancy:
Single
Lot Size:
0.92 AC
Listing ID
17685821
Last Updated
over 1 year ago

Description

This McDonald's Ground Lease is located in a highly desirable and vastly growing Northwest suburb of the Atlanta MSA. The subject is a +/- 4,000-square foot, proposed single-tenant retail building on .92 acres of land. The building represents the newest and highest upgrade McDonald's prototype with patio. The existing lease is a 20 year, absolute triple net (NNN) corporate ground lease with McDonald' s USA LLC with 20 years remaining on the original lease term. The primary term of the lease contains a 10 percent rent increase in year 11 and another 10 percent increase in year 16. The lease also contains four, five-year renewal options, with 10 percent increases at the end of the first 3 option periods and a 20 percent beginning in option period 4. There are absolutely no landlord responsibilities.

McDonald' s construction will commence in May 2012. Construction should be completed around August 2012 and McDonald' s anticipates opening at that time. The lease requires rent commencement at opening or 100 days following the start of construction, whichever comes first. Located directly on Cobb Parkway (State) at Towne Square Blvd, the property benefits from excellent traffic counts of over 20,000 vehicles per day on Highway 4, a major north/south artery in this Northwest suburb.

Map of 6110 Cedarcrest Road NW, Acworth, GA 30101 (Cobb County)

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