NNN Ground Lease Mcdonalds For Sale

NNN Leased Investment 

                                                    NNN Ground Leased Mcdonalds 

                                           

                           Asking Price $1,579,000  CAP Rate 5.02%

                                     

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

LEASE SUMMARY - ABSOLUTE NNN

CAP Rate 08/12 5.02% Landlord Responsibilities None Lease Term 20 years Lease Type Ground Lease Lease Expiration 08/21/2027 Net Operating Income $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.

You may visit our website

www.calkain.com

to view the entire NNN Leased Investment Properties 

For More information Contact: Teal Henderson Associate (813) 282-6000 thenderson@calkain.co