NNN McDonald's Investment Property in FL

NNN Leased Investment 

Asking Price $1,649,000 | CAP Rate 4.8%

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2199 W Highway 98 | Mary Esther FL 32569 [View Map]

LEASE SUMMARY - ABSOLUTE NNN

CAP Rate 08/12 4.8% Landlord Responsibilities None Lease Term 20 years Lease Type Ground Lease Lease Expiration 08/21/2027 Net Operating Income $72,000 Net Operating Income08/12 $79,200

Tenant Name McDonalds Website www.mcdonalds.com Guarantor McDonalds Store Open Aug 2007 Increases 10% every 5 years Options Four (4), five (5) year Rentable SF 3,826 sf Land Area 0.84 acres

HIGHLIGHTS

• RARE Florida McDonald's guaranteed ground lease with 16 years left on Hwy 98 in Fort Walton Beach area.
• Bustling McDonalds located on hard corner of Highway 98 and Parish Boulevard.
• New interior concept with the dark wood and modern seating.
• This site also enjoys the new split double drive through lanes with 2 separate menu ordering staging areas that maximize drive thru sales.
• Excellent traffic counts of over 47,000 daily making this hard corner one of the 5 top traffic counts in Okaloosa County.
• Located near the Eglin Air Force base, the nation's largest AFB.
• New architecture building completed in 2007, there are 16 years left on the initial term with additional 20 years in options.
• 10% increases every 5 years with 1st increase in less than a year.
• This is an absolute triple net ground lease.
• The tenant constructed and paid for the building. Upon lease expiration, ownership of the building reverts to the owner of the land.

LOCATION OVERVIEW

For More information Contact:  Teal HendersonAssociate(813) 282-6000 thenderson@calkain.com

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