McDonald's | 5236 Providence Rd
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McDonald's 5236 Providence Rd
3,397 SF Retail Building Virginia Beach, VA 23464 $2,067,000 ($608/SF) 4.25% Cap Rate
Investment Highlights
- Corporate Guarantee from Strong Credit Tenant
- High Visibility in Major Retail Hub
- Attractive Lease Fundamentals
Executive Summary
Corporate Guarantee from Strong Credit Tenant
- McDonald’s has over 36K locations worldwide
- S&P Credit rating of BBB+ and has a market capitalization of $216B (NYSE: MCD)
- Over $23B 2022 revenue
Attractive Lease Fundamentals
- Low Rent Abs. NNN- Ground Lease
- Three (3) - five (5) year options
- 10% rental increases in each option
- No LL responsibilities
Long Operating History
- McDonald’s has been operating at this location for over 20 years
- Recently extended the lease
- This location ranks in the top 60th percentile nationally
Strong Surrounding Demographics
- Over 322k people live within a 5-mile radius
- Average household income nearly $100k
- Nearly 500k residents live within a 15minute drive time
High Visibility in Major Retail Hub
- Situated at a the intersection of Kempsville Rd (32K VPD) & Providence Rd (24K VPD)
- Over 800k SF of retail located in 1-mile radius
- Fairfield Shopping Center has recently gone through $1.5M of capital improvements
- Nearby national tenant’s include: TJ Maxx, Kroger’s, Starbucks, Verizon, and Chase
- McDonald’s has over 36K locations worldwide
- S&P Credit rating of BBB+ and has a market capitalization of $216B (NYSE: MCD)
- Over $23B 2022 revenue
Attractive Lease Fundamentals
- Low Rent Abs. NNN- Ground Lease
- Three (3) - five (5) year options
- 10% rental increases in each option
- No LL responsibilities
Long Operating History
- McDonald’s has been operating at this location for over 20 years
- Recently extended the lease
- This location ranks in the top 60th percentile nationally
Strong Surrounding Demographics
- Over 322k people live within a 5-mile radius
- Average household income nearly $100k
- Nearly 500k residents live within a 15minute drive time
High Visibility in Major Retail Hub
- Situated at a the intersection of Kempsville Rd (32K VPD) & Providence Rd (24K VPD)
- Over 800k SF of retail located in 1-mile radius
- Fairfield Shopping Center has recently gone through $1.5M of capital improvements
- Nearby national tenant’s include: TJ Maxx, Kroger’s, Starbucks, Verizon, and Chase
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,397 SF
Building Class
C
Year Built
2001
Price
$2,067,000
Price Per SF
$608
Cap Rate
4.25%
NOI
$87,840
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
0.57 AC
Zoning
B2
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1466-54-9642 | Improvements Assessment | $3,397,200 |
| Land Assessment | $5,998,900 | Total Assessment | $9,396,100 |
PROPERTY TAXES
Parcel Number
1466-54-9642
Land Assessment
$5,998,900
Improvements Assessment
$3,397,200
Total Assessment
$9,396,100
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David Hoppe -
Mike Lucier -
Atlantic Capital Partners
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McDonald's | 5236 Providence Rd
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