Dallas, TX - McDonald's

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, McDonald’s investment property located in Dallas, Texas. The tenant, McDonald’s, recently signed a brand new 20-year lease with 10 (5-year) options to extend, demonstrating their 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, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Additionally, the property is located within an opportunity zone, offering potential tax advantages to ownership (consult a tax advisor).

The McDonald’s is located near the signalized, hard corner intersection of Camp Wisdom Rd and S Westmoreland Rd which combine to average more than 42,100 vehicles passing by daily. The asset is near Interstate 20, which sees over 191,100 vehicles per day. The McDonald’s is located in close proximity to the Shops at RedBird, a 720,000 SF shopping mall that features tenants such as Burlington, Hibbett Sports, and Champs Sports. The surrounding RedBird area is the focus of ongoing revitalization efforts, with a broader vision centered around a mixed-use environment including residential, retail, and entertainment components. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Planet Fitness, Chick-fil-A, Starbucks, Whataburger, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a dense population of over 247,800 residents and 74,700 employees with an average household income of $82,846.

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Listing ID: a28TP000003W3InYAK