x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

McDonald’s Ground Lease, Milwaukee, WI

McDonald’s Ground Lease

Milwaukee, Wisconsin

Price $1,593,000
Cap Rate 3.25%
NOI $51,750
Lease Term 10+ Years Remaining
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, Maintenance, And Repair, Including Roof, Structure, And Parking Lot
Rental Increases 8% Rental Increases Every Five (5) Years
Year Built 2019 Renovation
Building Size 2,500 SF
Lot Size 1.026 Acres (44,713 SF)
Status Under Contract
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Jack Hinson
Brokerage
704.572.9921
jack.hinson@cushwake.com
CA RE License #02059267

Investment Highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE TO ICONIC CORPORATE TENANT
» Long-term absolute NNN ground lease with scheduled rental increases every five years, providing a hedge against inflation
» Long operating history exemplifies the tenants dedication to this location
» McDonald’s (NYSE: “MCD”) is the world’s largest chain of hamburger fast food restaurants, serving over 69 million customers daily in 120 countries across 39,198 outlets
» McDonald’s is an investment grade tenant, with a “BBB+” credit rating from Standard & Poor’s and a “Baa1” credit rating from Moody’s
» No landlord responsibilities, providing an ideal zero-management investment opportunity

HIGH-TRAFFIC LOCATION NEAR STRONG TRAFFIC DRIVERS
» Excellent visibility with access to 42,500 vehicles per day directly in front of the property on West Silver Spring Drive near the North 60th Street (25,800 AADT) signalized intersection
» Centrally located near highly trafficked Milwaukee thoroughfares including Highway 145/West Fond Du Lac Avenue (104,000 AADT), Interstate 41 (149,000 AADT), and Interstate 43(148,000 AADT)
» Surrounded by national tenants such as Walmart Supercenter, Walgreens, ALDI, U-Haul, Family Dollar, Popeyes, AutoZone, and many more
» Near many well-attended schools, including Cardinal Stritch University (5,842 students), Milwaukee Marshall High School (1,049 students), Congress Public School (769 students), and numerous others
» Close to several large hospitals including Ascension SE Wisconsin Hospital – St. Joseph Campus (323 beds) and Froedtert & Medical College of Wisconsin (702 beds, over 1,000 medical, nursing, and health technical students annually)

PROMINENT LOCATION WITH ACCESS TO A LARGE CUSTOMER BASE
» 353,429 residents with an average annual household income of $69,325 live within a five mile radius
» Less than three miles from Sherman Gardens Apartments (66 units), Silver Spring Square (48 units), and Villard Square Apartments (47 units) with proximity to many single family homes, establishing a reliable customer base for the site
» Beneficial proximity to Timmerman Airport, Waukesha County Airport (1,000 employees 61,471 aircraft operations), and General Mitchell International Airport (4.5 million annual passengers in 2021)
» Nine miles from Downtown Milwaukee (577,222 residents), the most populous city in Wisconsin visited by 29 million visitors in 2019 with $2.2 billion in direct visitor spending in the area



Property Description

McDonald’s has excellent visibility with access to 42,500 vehicles per day directly in front of the property on West Silver Spring Drive near the North 60th Street (25,800 AADT) signalized intersection. The site is centrally located near highly trafficked Milwaukee thoroughfares including Highway 145/West Fond Du Lac Avenue (104,000 AADT), Interstate 41 (149,000 AADT), and Interstate 43 (148,000 AADT). The property is near Walmart Supercenter, Walgreens, ALDI, U-Haul, Family Dollar, Popeyes, AutoZone, and many more national tenants. The site is also near many well-attended schools, including Cardinal Stritch University (5,842 students), Milwaukee Marshall High School (1,049 students), Congress Public School (769 students), and numerous others.

The property is close to several large hospitals including Ascension SE Wisconsin Hospital – St. Joseph Campus (323 beds) and Froedtert & Medical College of Wisconsin (702 beds with over 1,000 medical, nursing and health technical annual students). The location is densely populated with 353,429 residents with an average household income of $69,325 living within a five-mile radius. The site maintains beneficial proximity to Timmerman Airport, Waukesha County Airport (1,000 employees, 61,471 aircraft operations), and General Mitchell International Airport (4.5 million annual passengers in 2021). The property is nine miles from Downtown Milwaukee (577,222 residents), the most populous city in Wisconsin visited by 29 million visitors in 2019 with $2.2 billion in direct visitor spending in the area.

Contact Us About This Property



JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link