McDonald's Ground Lease 4689 Shiloh rd
4,073 SF 4-Star Retail Building Garland, TX 75044 $2,715,000 ($667/SF) 3.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New 20-year absolute NNN ground lease with scheduled rental increases every five years in initial term and option periods
- New high-quality 2024 construction in a tax-free state, built to McDonalds’ latest prototype and featuring a dedicated drive-thru
- Absolute NNN lease requires no landlord management, ideal for a passive investor
- McDonald’s is an investment grade tenant, with a “BBB+” credit rating from Standard & Poor’s and a “Baa1” credit rating from Moody’s
- 10% Rental Increases every 5-years
- Strategically positioned just off the signalized intersection of Arapaho Road & North Shiloh Road, with access to a combined 41,000 vehicles per day
EXECUTIVE SUMMARY
Very dense infill location with 336,389 residents living within five miles of the site, establishing a large and stable customer base for the property
Affluent demographics with average annual household incomes topping $109,000 within three miles of the site
Gateway to Dallas, Texas, the third most populous city in Texas and the ninth-most populous city in the United States with a total population of 1,295,447 as of 2023
Centrally located near several Garland ISD (the second-largest district in Dallas County) including North Garland High School (2,752 students), LV Berkner High School STEM Academy (2,394 students), Naaman Forest High School (2,224 students), and Webb Middle School (1,072 students)
Surrounded by dense single-family residential developments such as Berkshire Preserve Apartments (560 units), One90 Firewheel (483 units), and Woodlands at the Preserve (364 units)
Affluent demographics with average annual household incomes topping $109,000 within three miles of the site
Gateway to Dallas, Texas, the third most populous city in Texas and the ninth-most populous city in the United States with a total population of 1,295,447 as of 2023
Centrally located near several Garland ISD (the second-largest district in Dallas County) including North Garland High School (2,752 students), LV Berkner High School STEM Academy (2,394 students), Naaman Forest High School (2,224 students), and Webb Middle School (1,072 students)
Surrounded by dense single-family residential developments such as Berkshire Preserve Apartments (560 units), One90 Firewheel (483 units), and Woodlands at the Preserve (364 units)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,073 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$2,715,000
Price Per SF
$667
Cap Rate
3.50%
NOI
$95,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
3.37 AC
Frontage
337 FT on North Shiloh Road
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 26211570010020000 | Improvements Assessment | $0 |
| Land Assessment | $961,370 | Total Assessment | $961,370 |
