Historical Retail Sale Listing - McDonald's Ground Lease

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McDonald's Ground Lease

1617 Bartlett Avenue, Evansville, IN 47711

N/A

3,900 SF | Retail

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Not Actual Building

Retail Property - Off Market

Price:
N/A
Building Size:
3,900 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with
10+ years left on lease
Construction Status:
Under
Construction/Proposed
Commission Split:
2%
Cap Rate:
4.60%
Occupancy:
100%
Tenancy:
Single
Lot Size:
1.15 AC
Listing ID
17887828
Last Updated
over 1 year ago

Description

Newmark Grubb Knight Frank is pleased to present a rare McDonald's ground leased asset. The site is a relocation of an existing McDonald's to a site with better visibility. McDonald's has signed a 20 year ground lease which contains 10% rental escalations every five years, and the tenant has eight 5-year options. There are no landlord responsibilities associated with the asset.

Evansville is the third largest city in Indiana, and the largest city in Southern Indiana. Evansville serves as a regional hub for a large trade area that encompasses parts of Indiana, Illinois and Kentucky. Within five miles of the site the population is over 139,000, with a household income of $48,000. Approximately 35,000 vehicles pass the site everyday.

Broker of Record Indiana - Todd Maurer - Newmark Grubb Knight Frank Halakar

Map of 1617 Bartlett Avenue, Evansville, IN 47711 (Vanderburgh County)

Research for 1617 Bartlett Avenue, Evansville, IN 47711 (Vanderburgh County)

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