Palm Bay, FL - McDonald's

Description:

• The tenant recently signed a brand new 20-year ground lease with 8 (5-year) options to extend
• The lease features 10% rental increases every 5 years and at the beginning of each option
• McDonald’s is the world’s leading global foodservice retailer with over 43,000 locations in over 100 countries

• The asset is an outparcel to Heritage Square, a brand new Publix-anchored shopping center that will feature several retail outparcels such as Chase Bank and more
• The major retail and residential developments in the immediate corridor will provide a future investor with long-term viability in the underlying real estate
• The asset has excellent visibility and multiple points of ingress/egress