McDonald’s Ground Lease
Single-Tenant Offerings
McDonald’s Ground Lease
5190 State Rte 100
Palm Coast (Daytona Beach MSA), FL
- Price:
- $3,227,000
- Cap Rate:
- 4.50%
- NOI:
- $145,200
- Rentable SQFT:
- 3,915 SF
- Year Built:
- 2008
- Lot Size:
- 1.06 +/- Acres
- Lease Type:
- Absolute NNN Ground Lease
- Status:
- Available
Investment Highlights
- 20-Year Absolute NNN Ground Lease with 3 Years Remaining
- 10% Increases Every 5 Years, Next Rental Increase in 2028
- McDonald’s Recently Completed Interior/Exterior Remodel, Including Double Drive-Thru
- Corporate Guaranty (NYSE: MCD), Largest Fast Food Business in the World
- Average Unit-Level Sales Exceed $4 Million, Equates to a 3.63% Rent-to-Sales Ratio at This Location
- Serving Over 60,000 Residents in Rapidly Growing Daytona Beach Suburb
- Flager County is One of the Fastest Growing Counties in the U.S., 40% Projected Population Growth from 2025-2050
- Average Household Incomes Exceed $93,000 in 3 Miles and $106,000 in 5 Miles
- In the Heart of Town Center at Palm Coast, a 1,600-Acre Master-Planned Community with 3,000 Homes, 2.2 Million SF of Commercial, and 1.4 Million SF of Office
- Outparcel to High-Volume Super Target, TJ Maxx, Ross, and Petsmart Anchored Power Center
- Accessible to 60,500 Cars/Day at Busy Signalized Intersection
- Just Off I-95 with 89,600+ Cars/Day, the Main North/South Highway Along the East Coast
- Down the Street from AdventHealth Palm Coast Hospital and Medical Campus with 1,800 Employees
- Strong Daytime Population, Over 25,000 Employees in Primary Trade Area
- Minutes to Several K-12 Schools with 8,000+ Students
- Tax Free State, No State Income Tax in Florida
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