Mesquite, TX - McDonald's

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a NNN leased, McDonald’s investment property located in Mesquite, TX. The tenant, McDonald’s, has over 18 years of initial term remaining with 8 (5-year) options to extend, demonstrating its commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, providing a hedge against inflation while steadily growing NOI. The lease is NNN with minimal landlord responsibilities, making it an ideal, low management investment opportunity for a passive investor. The location ranks in the top 67th percentile nationwide according to CenterCheck, which analyzes credit card data to rank brand locations.

The subject property is located at the signalized, hard corner intersection of E Cartwright Rd and Faithon P Lucas Sr Blvd which combine to average 34,600 vehicles passing by daily. The asset also benefits from its proximity to Interstate 635 (161,400 VPD) and Interstate 20 (97,700 VPD). The asset is part of Shadow Creek Crossing, which will feature other national/credit tenants such as Chipotle, Dunkin’, Hotworx, UPS, and Integrity Urgent Care, increasing consumer draw to the site. The site is directly across from a new Walmart Neighborhood Market. Furthermore, the property benefits from its position as the only drive-thru quick-service restaurant within 2 miles. The McDonald’s is located in close proximity to both Horn High School (2,700+ students) and Vanguard High School (1,600+ students). The immediate trade area is supported by a population of over 154,800 residents and 28,300 employees within 5 miles and an average household income of $126,029 within 1 mile. The area is projected to experience continued growth with over 8,400 homes under development, including the Solterra development (3,900 homes).

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