Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate signed, drive-thru equipped McDonald’s investment property located in Clearwater, FL (Tampa MSA). The tenant McDonald’s USA, LLC, has over 11 years of firm term remaining with 6 (5-year) option periods available to extend. The lease features 10% rental increases every 5 years throughout the initial term and options, growing NOI and hedging against inflation. The lease is signed by the corporate entity (S&P: BBB+ | NYSE: MCD), and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1940, McDonald’s is the world’s leading global foodservice retailer with over 40,000 operating restaurants worldwide.

McDonald’s is strategically located along Gulf to Bay Boulevard with clear visibility and access to an average of 59,500 vehicles passing by daily. The asset benefits from direct access onto U.S. Highway 19 (119,000 VPD), Farm to Market Road 611 (69,000 VPD), and several other major commuter routes, making this a centralized location with easy access for both employees and customers. McDonald’s is ideally situated within a dense retail corridor and is near Clearwater Collection (158K+), Sunset Point 19 (287K+ SF), Clearwater Mall (692K+ SF), and other major shopping centers. The surrounding national/credit tenants include Costco Wholesale, Lowe’s Home Improvement, Target, The Home Depot, Publix, and Best Buy, among many others. The strong tenant synergy increases consumer draw to the immediate trade area, promotes crossover store exposure, and supports the local economy. In addition, the property is 1 mile west of the NSU Clearwater regional campus, a 311,000 SF medical school with over 20,800 students enrolled. Furthermore, the asset fronts numerous single-family communities and multi-family complexes including The Amalfi at Clearwater (108 units), Island in the Sun (320 units), Grand Reserve at Park Isle (390 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 222,100 residents and 113,800 daytime employees, with a healthy average household income of $81,988.

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