9915 Jog Rd
Boynton Beach, FL 33437
McDonald's · Retail Property For Sale

Marcus & Millichap is pleased to market a rare McDonald’s corporate ground leased investment opportunity located in Boynton Beach, FL with 22 years remaining on the base term of the lease. The property is a 1.07 Acre outparcel to the Fountains of Boynton Shopping Center, a 183,748 square foot Publix anchored shopping center located on the northwest corner of Jog Road and W. Boynton Beach Boulevard in the heart of Palm Beach County, FL. Publix Supermarket has recently extended their original lease for an additional 10 years, showing their commitment to the center. Fountains of Boynton has recently undergone a full renovation of the center with new parking lot restriping/repaving, new stucco and new painting of the façade, and a re-development of the eastern portion of the center which will add a new anchor tenant to the property. The intersection of Jog Road and Boynton Beach Boulevard is very busy where average daily traffic counts exceed 79,000 cars. The outparcel location is ideally located in front of the main entrance to the Fountains of Boynton center, and is surrounded by other national outparcels tenants including Goodyear Tires, PNC Bank and Duffy’s Sports Grill. McDonald’s has occupied this location since 1995 and recently extended their corporate guaranteed lease for an additional 20 years in the base term. The lease also has four options to extend for ten years each and 10% base rental increases every five years beginning in year twelve of the new base term. This is an ideal management free investment opportunity for a Buyer looking for cash flow guaranteed by a BBB+ rated corporation and base rental increases located in Southeast Florida.