Salado, 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 Salado, Texas. The tenant, McDonald’s, recently signed a brand new 20-year lease with 8 (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.

The McDonald’s is located at the hard corner intersection of Interstate 35 and Williams Road which combine to average over 88,500 vehicles passing by daily. Interstate 35 is the major retail thoroughfare serving the city of Salado. Interstate 35 is also the main thoroughfare connecting Austin to the Dallas-Fort Worth metroplex.
The McDonald’s is in close proximity to both Salado Middle School and Salado High School, which combine to have over 1,300 enrolled students, providing a direct consumer base from which the asset can draw upon. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Anytime Fitness, Subway, Sonic, Ace Hardware, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 9,500 residents and 2,600 employees with an average household income of $133,154.