McDonald's Ground Lease - Acworth (Atlanta MSA) Georgia
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 2,400,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available INQUIRE
Date Available 04/19/2016
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Description

McDonalds has been at this traffic light corner for 22 years and this is the highest traffic count intersection for a six mile stretch. Nice 10% rental increases every five years of which one will happen in less than three years. This property is located in the third largest county of Atlanta’s MSA. This is a newer area with residential growth along with the power center being built just 10 to 12 years ago that is just down the street. Income in this area is considered above average for Atlanta and actually on the high side. This site I would grade as an A for the area. McDonalds put a double drive thru in 2014 when they signed a new 20 year lease with 10% rent bumps every five years. They stayed here because it is a proven site and also the best location in the market area. Today if that site became available you can get $125,000 to $150,000 in ground rent is a real number as some of the newer tenants expending in the market today will actually pay a higher number for this A location.. Broker Fee is 2%

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