5115 Dallas Hwy
Powder Springs, GA 30127
McDonald’s-Chevron Absolute NNN in ATL MSA · Retail Property For Sale

The subject property is a 6,463 square foot two-tenant parcel located in Powder Springs, Georgia, approximately 25 miles northwest of downtown Atlanta. The site is 100% leased to McDonald’s and Chevron, who have both shown long-term commitment to the location. The tenants are both on absolute NNN leases, handling all common area maintenance directly with no landlord responsibilities for roof or structure. McDonald’s signed a corporate-backed 20-year lease which commenced in December of 1996. They recently executed their first renewal option leaving approximately four years remaining on the firm lease term. The lease provides for exceptionally rare 15% rent increases between each of the remaining three, 5-year renewal options. In 2013, McDonald's spent a significant amount of capital updating the façade to the latest prototype, as well as updating interiors, equipment and creating a second drive-thru lane to accommodate the large demand at this location, exemplifying the Tenant’s long-term commitment to this location. McDonald's, which is publically traded on the New York Stock Exchange under the ticker symbol “MCD,” has a current BBB+ credit rating by Standard & Poor’s and reported annual revenues in excess of $24.6 billion in 2016. Chevron, who originally developed the property in 1996, sold their interest in 2007 and signed a long-term lease leaving approximately 15 years remaining on the firm lease term. The lease provides for approximate 10% rent increases every 5 years. In 2013, Chevron also renovated their property with McDonald's showing commitment to the site by updating the interior of the convenience store, adding new refrigeration systems and new pumps to the gas station. The property is situated on a large 3.67 acre lot and is ideally positioned at the signalized intersection of Dallas Highway (State Route 120) & Lost Mountain Road. The site benefits from its visibility and exposure along Highway 120, which is the main east-west artery connecting Powder Springs to other northern cities such as Marietta, Roswell and Alpharetta. The site experiences combined daily traffic counts in excess of 47,000 vehicles per day. McDonald's and Chevron also benefit from being located adjacent to the Lost Mountain Crossing, a 47,800 square foot shopping center anchored by Publix. Other national retailers in the immediate area include Walmart Supercenter, Walgreens, Chase Bank, and many others. The property is positioned just west of the Lost Mountain Park and Softball Complex which includes eight softball fields, one baseball field, batting cages, two football fields, a recreation center, twelve tennis courts and two fishing ponds. This extremely affluent area boasts an average household income in excess of $130,000. The surrounding area is densely populated with over 103,000 residents in a five-mile radius.