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MCDONALD'S W/ DUAL DR-THRU | NNN GROUND LEASE 8221 W State Highway 29 4,292 SF Retail Building Georgetown, TX 78628 $3,900,000 ($908.67/SF) 3.85% Cap Rate
INVESTMENT HIGHLIGHTS
- 19+ Year Absolute Net Ground Lease (Zero Landlord Obligations) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- McDonald’s (NYSE: MCD) is Ranked #165 on the Fortune 500 List, Features Investment Grade Credit Rating “BBB+” by S&P’s.
- Within Bar W Marketplace - a 189,587 SF Neighborhood Community Shopping Center Anchored by a Highly Successful H-E-B Grocery.
- Positioned Along Area’s Traffic & Retail Corridor - Features Easy Access & Excellent Visibility - Located at a Major Intersection.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
- Affluent Area: Features an Average Household Income of more than $164k+ within a 1-Mile Radius.
EXECUTIVE SUMMARY
McDonald’s w/ Dual Drive Thru | 19+ Year Absolute Net Ground Lease | Immediate Area Experiencing Major Growth | Affluent Location: $164k+ Avg. HHI | Within Bar W Marketplace: 189k+ SF Neighborhood Community Shopping Center | Austin Currently Ranks as the Fastest Growing Metro out of the 50 Largest U.S. Metros
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
4,292 SF
Year Built
2024
Price
$3,900,000
Price Per SF
$908.67
Cap Rate
3.85%
NOI
$150,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.54 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- McDonald's
- Retailer
- 4,292 SF
- -
- Triple Net
- Mar 2045
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| McDonald's | Retailer | 4,292 SF | - | Triple Net | Mar 2045 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R600641 | Improvements Assessment | $1,019,979 |
| Land Assessment | $579,015 | Total Assessment | $1,598,994 |
PROPERTY TAXES
Parcel Number
R600641
Land Assessment
$579,015
Improvements Assessment
$1,019,979
Total Assessment
$1,598,994
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MCDONALD'S W/ DUAL DR-THRU | NNN GROUND LEASE | 8221 W State Highway 29
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