McDonald's

901 Meacham Rd Elk Grove Village , IL 60007-3672

McDonald's - Retail for sale

Overview


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

General
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
Financial
Price $2,500,000
Cap Rate 4.00%
Current NOI $100,000.00
Lease
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 19.7Yrs
Download Offering Memorandum

Presented By

Other properties you may be interested in

  • Identity Group - Net Lease Industrial Portfolio, JLL PowerSearch
    Identity Group - Net Lease Industrial Portfolio
    Various - See Om For Details, TN
    Type(s):     Industrial
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,000,000
    Space Available:     200,749 ft2
  • Bob's Discount Furniture - Stoughton, MA, Stoughton, JLL PowerSearch
    Bob's Discount Furniture - Stoughton, MA
    601 Technology Center DrStoughton, MA 02072-4719
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     9,390,000
    Space Available:     34,136 ft2
  • Walgreens - East Providence, East Providence, JLL PowerSearch
    Walgreens - East Providence
    600 Warren AveEast Providence, RI 02914-2808
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     3,790,850
    Space Available:     16,657 ft2
  • Bob's Discount Furniture, Orange, JLL PowerSearch
    Bob's Discount Furniture
    515 Boston Post RdOrange, CT 06477-3509
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     6,588,000
    Space Available:     28,024 ft2
  • Walgreens - Westbrook, CT, Westbrook, JLL PowerSearch
    Walgreens - Westbrook, CT
    1211 Boston Post RdWestbrook, CT 06498-1949
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     8,532,000
    Space Available:     14,820 ft2
  • Ashley HomeStore - Leasehold, Norwalk, JLL PowerSearch
    Ashley HomeStore - Leasehold
    51 Richards AveNorwalk, CT 06854-2309
    Type(s):     Retail
    Tenure(s):     Sale / Purchase
    Price ($USD):     Contact Us
    Space Available:     24,041 ft2