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McDonald's NNN Ground Lease Investment
Location - INTERSTATE 12 & LA Highway 59 (HARD CORNER - Double drive thru)
1687 Dove Park Rd, Mandeville, LA 70471
Mandeville is the most sought after suburb of the New Orleans MSA for extremely low crime, high quality of life for executives and families, and the best school districts in the state.
Land Site: 0.965 acres
Buidling: +/- 3800 sf
Corporate Lease – McDonald’s USA, LLC
Term: 20 years with +/- 16 years remaining
Commenced 10/23/2009 + (3) 10 year options.
NOI for the first 120 months is $77,500 annually
Rent increases in 10/2019 to $89,125 annually
Option 1: $102,493.68 annually Option 2: $117,867.72 annually Option 3: $135,547.92 annually
Annual Store Sales (according to www.stdbinc.com): $2,300,000.00 - Tenancy: Single Tenant
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On average, listings lease in the $20's per square foot per year. The Greater New Orleans Region submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Greater New Orleans Region market, the Greater New Orleans Region submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
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