McDonald’s (Ground Lease)

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