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32323 State Highway 249
Pinehurst, TX 77362
McDonald's | Pinehurst, TX · Land For Sale
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1.17 AC
Investment Highlights
- Single Tenant Absolute NNN Ground Lease
- Brand New Construction - Estimated opening of Q1 of 2024 (Rent commences approx. December 2023)
- Corporate Ground lease signed by McDonald's USA, LLC
- Incredible Access w/ Great Exposure along Hwy 249, one of Houston MSA’s major highways, with exposure to over 24,000 cars per day.
Property Facts
| Property Type | Land | Total Lot Size | 1.17 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Fast Food | ||
| Zoning | C | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Fast Food |
| Total Lot Size | 1.17 AC |
| No. Stories | 1 |
| Zoning | C |
Description
LONG TERM, ABSOLUTE NNN LEASE 20-year base lease term with no landlord responsibilities. 10% RENTAL ESCALATIONS 10% rent increases every 5 years during the initial 20-year base lease term and the 8, 5-year options. CORPORATE GROUND LEASE Lease signed by McDonald’s USA, LLC BRAND NEW CONSTRUCTION McDonald’s is newly constructed with an estimated opening of Q1 2024. Rent commences approximately December 2023. INCREDIBLE ACCESS WITH GREAT EXPOSURE Located along Hwy 249, one of Houston MSA’s major highways, with exposure to over 24,000 cars per day.
Property Taxes
| Parcel Number | 0264-00-03721 | Improvements Assessment | $2,653,752 |
| Land Assessment | $346,248 | Total Assessment | $3,000,000 |
Property Taxes
Parcel Number
0264-00-03721
Land Assessment
$346,248
Improvements Assessment
$2,653,752
Total Assessment
$3,000,000
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