8483 Cordon Way | Nottingham, MD 21236
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8483 Cordon Way
Nottingham, MD 21236
McDonald's · Retail Property For Sale
Investment Highlights
- SINGLE-TENANT NET LEASE OFFERING | MCDONALD ’S (S&P: BBB+)
- Absolute NNN Ground Lease | 18.3 Years of Firm Term | Baltimore, MD
Executive Summary
CORPORATE MCDONALD’S GROUND LEASE IN BALTIMORE COUNTY | 41,822 GLOBAL
LOCATIONS IN 118 COUNTRIES | S&P: BBB+ CREDIT RATING
33-YEAR OPERATING HISTORY AT SUBJECT PROPERTY | 18.3 YEARS REMAINING |
10.00% RENTAL INCREASES EVERY 5 YEARS | ABSOLUTE NNN GROUND LEASE | ZERO
LANDLORD RESPONSIBILITIES
HIGHLY VISIBLE & EASILY ACCESSIBLE DRIVE-THRU LOCATION | HIGH TRAFFIC RETAIL
CORRIDOR ALONG WHITE MARSH BLVD (54,978 VPD) | 10.2 MILES TO DOWNTOWN
BALTIMORE | ADJACENT TO WHITE MARSH MALL
LOCATIONS IN 118 COUNTRIES | S&P: BBB+ CREDIT RATING
33-YEAR OPERATING HISTORY AT SUBJECT PROPERTY | 18.3 YEARS REMAINING |
10.00% RENTAL INCREASES EVERY 5 YEARS | ABSOLUTE NNN GROUND LEASE | ZERO
LANDLORD RESPONSIBILITIES
HIGHLY VISIBLE & EASILY ACCESSIBLE DRIVE-THRU LOCATION | HIGH TRAFFIC RETAIL
CORRIDOR ALONG WHITE MARSH BLVD (54,978 VPD) | 10.2 MILES TO DOWNTOWN
BALTIMORE | ADJACENT TO WHITE MARSH MALL
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,653 SF
Building Class
B
Year Built/Renovated
1992/2022
Price
$3,550,000
Price Per SF
$763
Cap Rate
4.75%
NOI
$168,625
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.21 AC
Parking
70 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
74 FT on Cordon Way
Amenities
- Drive Thru
PROPERTY TAXES
| Parcel Number | 11-2200013355 | Improvements Assessment | $912,400 |
| Land Assessment | $889,200 | Total Assessment | $1,801,600 |
PROPERTY TAXES
Parcel Number
11-2200013355
Land Assessment
$889,200
Improvements Assessment
$912,400
Total Assessment
$1,801,600
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