2311 N Highway 62 | Orange, TX 77630
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- LoopNet Team
2311 N Highway 62
Orange, TX 77630
McDonald's - Orange, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Lease with Premier Credit Tenant: McDonald’s (NYSE: MCD) is an S&P BBB+ credit-rated tenant
- Over 11 Years of Primary Term Remaining on Absolute NNN Ground Lease: Tenant is responsible for all maintenance obligations
- Internet, Recession, and Pandemic Resistant: Food service with drive-thru capability is widely recognized as one of the most stable product categories
- Proven Location and Operating History: McDonald’s has successfully operated at this location for more than 29 years and has exercised all lease option
- Strong Upside Potential: McDonald’s is currently paying just $1.36 per square foot, dramatically below market rent
- McDonald’s U.S. Sales Increased 13.8% in 2021, Making it the Highest U.S. Comparable Sales Ever Reported
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,961 SF
Building Class
C
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
2.95 AC
Parking
47 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
149’ on Texas 62
PROPERTY TAXES
| Parcel Number | 000027-031401 | Improvements Assessment | $337,569 |
| Land Assessment | $723,314 | Total Assessment | $1,060,883 |
PROPERTY TAXES
Parcel Number
000027-031401
Land Assessment
$723,314
Improvements Assessment
$337,569
Total Assessment
$1,060,883
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