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McDonald's - Parkville, MD

On behalf of ownership, Marcus & Millichap is pleased to exclusively offer for sale this rare fee simple interest in a McDonald’s triple net lease offering in the Baltimore Suburb of Parkville, Maryland. The subject McDonald’s has operated on this pad since 1987; over 25 years. Most recently the tenant, at its sole cost and expense, renovated the building and improvements with its modern prototype. Concurrently, the tenant agreed to extend its lease term, a strong indication of the viability of the tenant’s business in this location. Parkville is a mature northern suburb of Baltimore City. The area is very densely populated with more than 24,000 people in one mile of this site and to the tenant’s benefit, a majority are the target consumer for the tenant.

 

This asset offers its purchaser the rare opportunity to acquire a McDonald’s lease in fee simple form, thus allowing the investor to depreciate the improvements. A majority of the McDonald’s on the market today are ground leases. Additionally, this property benefits from being shadow anchored by a Shop Rite grocery store (55,144 SF) as well as a Home Depot (111,131 SF). The shopping center to the east of the subject is 260,241 square feet overall and is presently 93% occupied by a high quality mix of national tenants including Big Lots, Subway, Family Dollar and Payless ShoeSource. Finally, this McDonalds lease also offers an investor 15% rental increases every five years. In contrast, this will drastically increase a buyer’s yield over their hold. Many McDonalds leases only have 10% increases in rent.

Additional Info

  • Address: : 7309 McClean Blvd., Parkville, MD 21234
  • Price: : $2,809,286
  • Lot Size (Acres): : 0.824
  • CAP Rate: : 4.19%
  • NOI: : $117,990
  • Year Built: : 2013
  • Status: : SOLD