SWC of Heritage Lane & FM 1488 | Magnolia, TX 77354
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SWC of Heritage Lane & FM 1488
Magnolia, TX 77354
McDonald's | 20-Yr GL | 2024 Build | Now Open · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 20-year absolute NNN ground lease with rare 10% rental increases every five years in initial term and option periods
- McDonald’s (NYSE: “MCD”) is the world’s largest chain of hamburger fast food restaurants, serving over 69 million customers daily in 120 countries
- Absolute NNN ground lease requires no landlord management, ideal for an out-of-area investor
- McDonald’s is an investment grade tenant, with a “BBB+” credit rating from Standard & Poor’s and a “Baa1” credit rating from Moody’s
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,500 SF
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
10.13 AC
PROPERTY TAXES
| Parcel Number | 7109-00-00100 | Improvements Assessment | $0 |
| Land Assessment | $426,069 | Total Assessment | $426,069 |
PROPERTY TAXES
Parcel Number
7109-00-00100
Land Assessment
$426,069
Improvements Assessment
$0
Total Assessment
$426,069
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