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McDonald’s Ground Lease | Las Vegas, NV 2650 W Sahara Ave 3,243 SF Retail Building Las Vegas, NV 89102 $3,528,000 ($1,087.88/SF) 4.15% Cap Rate
Investment Highlights
- Corporate Guaranteed McDonald’s Ground Lease
- Absolute NNN corporate ground lease
- Top-Performing QSR in the State of Nevada: McDonald’s Top 8% within the QSR category in Nevada (Placer.ai)
- Recent lease extension through December 2035 (10-year term); tenant has operated at the shopping center since 1999 (27 years)
- Three 5-year options with 10% rental increases every five years providing a hedge against inflation
- Proven Location: 27-year track record of success; the store was remodeled in 2021 to McDonald’s latest prototype speaking to the strength of location
Executive Summary
Absolute NNN Ground Lease | Top-Performing QSR in the State of Nevada (Placer.ai) | Irreplaceable Las Vegas Location
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,243 SF
Building Class
C
Year Built/Renovated
1996/2021
Price
$3,528,000
Price Per SF
$1,087.88
Cap Rate
4.15%
NOI
$146,412
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.24 AC
Zoning
C-1
Parking
42 Spaces (12.95 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- $45.12
- Triple Net
- Dec 2010
McDonald's began in 1940 when Richard and Maurice McDonald opened a restaurant in California. The modern corporation formed in 1955 when Ray Kroc joined as a franchise agent and later purchased the company. Today, it operates numerous locations worldwide through a franchise model. While primarily a fast food chain, McDonald's also generates income from owning many restaurant properties. The company has maintained its core menu while adapting to international markets. McDonald's remains one of the most recognizable brands in the global food service industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | $45.12 | Triple Net | Dec 2010 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 162-05-818-001 | Improvements Assessment | $153,598 |
| Land Assessment | $60,921 | Total Assessment | $214,519 |
Property Taxes
Parcel Number
162-05-818-001
Land Assessment
$60,921
Improvements Assessment
$153,598
Total Assessment
$214,519
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McDonald’s Ground Lease | Las Vegas, NV | 2650 W Sahara Ave
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