McDonald's (Ground Lease)

305 North Mayo Trail
Paintsville, KY 41240

Property: Investment Sales

Square Footage: +/- 5,317

Acreage: +/- 0.90

Price: $1,222,000

Cap Rate: 4.50%

Description:

  • Long term absolute triple net ground lease with a rare parent company guaranty and 10% rent bumps every 5 years
  • McDonald’s has been at this location for 40 years and built a brand new store in 2012
  • McDonald’s (NYSE: MCD) (S&P: BBB+ Stable) is the world’s leading global food service retailer with more than 36,000 locations in over 100 countries and 2016 revenues of $25 billion
  • Outparcel to Mayo Plaza, a dominant regional shopping center with a trade area population over 66,800
  • Other anchor tenants include Lowe’s, Food City, Ollie’s Bargain Outlet, Peebles, Big Sandy Superstore and a Walmart shadow anchor
  • Daily traffic counts of 13,700 in front of the property on the market’s primary retail and restaurant corridor
  • Positioned adjacent to Johnson County High and Middle Schools with a combined 1400+ students
  • Paintsville is the county seat and a business, education, arts, recreation and leisure hub for the eastern Kentucky region