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McDonald's (Ground Lease)
305 North Mayo Trail
Paintsville, KY 41240
PROPERTY SOLD
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


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Contact
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
864.263.5427 - Main
404.435.6312 - Mobile