Medford, OR - McDonald's
$1,369,000
1140 Biddle Rd, Medford, OR 97504
3.5
Cap Rate
47,920
NOI
Details:
Description:
• Corporate Guaranteed Ground Lease to McDonald’s Inc., an investment grade rated (S&P: BBB+), publicly traded (NYSE: MCD) institutional-quality, creditworthy income
• 49-Year Operating History for McDonald’s at Location since 1977 ; building renovated in 2022
• 20% Rent Increase in 2029; FMV increase in first option of maximum 20% increase
• Current Rent of $47,920 is Approximately 35% of Fair Market Value, providing investors long term stability and large value-add and re-pricing opportunity at renewal
• Scheduled minimum 10% rent increases provide a stable growing cash flow and appreciating asset; Next Rent Increase in 2028
• Top 19% McDonald’s Location Nationwide, per Placer.ai
• Pad to Bear Creek Plaza, a 189,000 SF center anchored by Bi-Mart, Crunch Fitness (New Lease), Dollar Tree, and Yami Market & Buffet (New Lease), and others. The center generates over 3.1 million annual visitors per Placer.ai
• Other pad tenants in the center rank in the top percentile of their chain nationally, including Wendy’s (top 22% nationwide), First Interstate Bank (top 3% nationwide), and Carl’s Jr. (top 20% nationwide)
• Dense co-tenancy drives significant daily crossover traffic directly to the subject McDonalds
Location
Gallery