Fort Washington, MD - McDonald's

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the land ownership in an absolute NNN ground leased, McDonald’s investment property located in Fort Washington, Maryland. The tenant, McDonald’s, has approximately 16 years remaining on their lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The ground lease provides zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The McDonald’s is an outparcel to the recently redeveloped, Giant anchored shopping center, Shoppes at Livingston Square. The site is located just off of Indian Head Hwy (MD-210) which sees 80,000 VPD, and along Old Fort Road/Oxon Hill Road (34,000 VPD). The asset is just minutes away from National Harbor, a mixed-use development with MGM Hotel & Casino, apartment complexes, various restaurants, Tanger Outlets, and soon to be the Sphere National Harbor. This McDonald’s ranks in the 96th percentile in terms of visits of all McDonald’s locations nationwide (488/12,935), and is the 16th most visited McDonald’s in Maryland (16/265). The subject property is in close proximity to Oxon Hill Middle School (867 students) & Indian Queen Elementary School (250 students), providing immediate traffic to the trade area. The 5-mile trade area is supported by a population of over 209,000 with an average household income of $157,164.

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Listing ID: a28TP000003Nj4LYAS