901 Meacham Rd Elk Grove Village , IL 60007-3672

McDonald's - Retail for sale


JLL is pleased to offer for sale a newly-constructed McDonalds ground lease located in Elk Grove Village, IL (Chicago MSA). Slated for completion in late 2018, the subject Asset will feature the Tenants new upscale layout. Restaurant upgrades and renovations have been a focus point for the global leader who recently announced a $6 billion facility renovation plan earlier this year. McDonalds previously operated 0.5 miles north on Meacham road and is now upgrading to a new prototype at the subject site. With a brand new 20-year ground lease in place, investors have the rare opportunity to acquire an asset leased to one of the worlds preeminent brands in the home market of its global headquarters.

Investment Highlights

• 20-year ground lease that commenced in December 2018

• Lease fully-backed by McDonald’s Corp. (Moody’s: Baa1)

• Outparcel to “Mallard Crossing,” shadow-anchored by Walmart Supercenter.

• Direct exposure to more than 24,000 vehicles daily

• Over 80,000 residents within a 3-mile radius with an average income exceeding $102,000

• Elk Grove is home to the nation’s largest contiguous industrial park with 62 million square feet of space and over 5,600 businesses

Property Type Retail
Tenure Type Sale / Purchase
Property Address 901 Meacham Rd, Elk Grove Village, IL 60007-3672
Land In Acres 1.17
Building Size 5,068  ft2
Price $2,500,000
Cap Rate 4.00%
Current NOI $100,000.00
Tenant's Name McDonald's Corporation
Guarantor McDonald's Corporation
Guarantor Credit Rating (Moody's) Baa1
Lease Type NNN
Annual Rent $100,000.00
Lease Expiration Date 12/31/2038
Remaining Term 19.6Yrs
Download Offering Memorandum

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