McDonald's 5236 Providence Rd

Investment Highlights

Corporate Guarantee from Strong Credit Tenant High Visibility in Major Retail Hub Attractive Lease Fundamentals

Executive Summary

Corporate Guarantee from Strong Credit Tenant - McDonald?s has over 36K locations worldwide - S&P Credit rating of BBB+ and has a market capitalization of $216B (NYSE: MCD) - Over $23B 2022 revenueAttractive Lease Fundamentals - Low Rent Abs. NNN- Ground Lease - Three (3) - five (5) year options - 10% rental increases in each option - No LL responsibilitiesLong Operating History - McDonald?s has been operating at this location for over 20 years - Recently extended the lease - This location ranks in the top 60th percentile nationallyStrong Surrounding Demographics - Over 322k people live within a 5-mile radius - Average household income nearly $100k - Nearly 500k residents live within a 15minute drive timeHigh Visibility in Major Retail Hub - Situated at a the intersection of Kempsville Rd (32K VPD) & Providence Rd (24K VPD) - Over 800k SF of retail located in 1-mile radius - Fairfield Shopping Center has recently gone through $1.5M of capital improvements - Nearby national tenant?s include: TJ Maxx, Kroger?s, Starbucks, Verizon, and Chase

• Sale Type    Investment NNN
• Sale Conditions    1031 Exchange 1031 Exchange Ground Lease (Leased Fee) Build to Suit 1031 Exchange
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    3,397
• Building Class    C
• Year Built    2001
• Price    2,067,000
• Price Per SF    608
• Cap Rate    4.25
• NOI    87,840
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.14
• Land Acres    0.57 AC

• Bus Line
• Dedicated Turn Lane
• Pylon Sign
• Signalized Intersection