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6540 Eastern Ave
Baltimore, MD 21224
McDonalds · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long-term tenant with absolute triple net (NNN) ground lease and structured rental increases
- Corporately guaranteed lease and strong tenant growth nationwide
- Strong real estate fundamentals
- strategic location with robust traffic counts
- Cross shopping environment within the larger anchor square shopping center and neighboring tenants
EXECUTIVE SUMMARY
KLNB Retail Capital Markets is pleased to offer for sale a McDonald’s located at 6540 Eastern Avenue in Baltimore, Maryland. The tenant has been open and operating for over 15 years since opening in July of 2010. McDonald’s ideally positioned at the lighted intersection of Kane Street and Eastern Avenue, seeing combined traffic counts of 41,000+ VPD with clear visibility and multiple points of ingress and egress. In addition, the subject property is located directly next to the off ramp of Exit 59 of I-95, seeing approximately 111,000+ VPD, making this one of the most convenient stops for travelers. Investors will benefit from the strong real estate fundamentals, passive Absolute NNN Ground lease with zero landlord responsibilities and a strong corporate, credit tenant in McDonald’s having a BBB+ credit rating from S&P and a Baa1 credit rating from Moody’s.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
4,150 SF
Building Class
C
Year Built
2011
Price
$4,000,000
Price Per SF
$963.86
Cap Rate
3.93%
NOI
$157,200
Tenancy
Single
Building Height
1 Story
Opportunity Zone
Yes
Zoning
R-8
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