x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

McDonald’s Ground Lease, Seabrook, TX

McDonald’s Ground Lease

Price $3,147,000
Cap Rate 3.75% return (6.68% average cap rate)
NOI $117,996
Lease Term 20 years
Lease Type Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five (5) Years
Year Built 2019
Building Size 4,457 SF
Lot Size 1.09 acres (47,596 SF)
Status Under Contract
Lead Broker Information Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
» Absolute NNN ground lease with corporate guaranty
» 10% rental increases every five years, providing a hedge against inflation
» No landlord management
» High-quality 2019 construction featuring dual-lane drive-thru
» Relocation store, demonstrating long-term commitment to operating within the Seabrook market

HIGH-TRAFFIC LOCATION WITH IMMEDIATE FREEWAY ACCESS
» Located at the signalized hard corner of Bayport Boulevard (Texas Highway 146) and East Meyer Avenue, with excellent visibility and access to 45,016 vehicles per day
» Bayport Boulevard—including the area directly in front of the property—is undergoing a major road widening project to accommodate increasing traffic
» Traffic on the Texas Highway 146 corridor is expected to double over the next 20 years

STRONG CUSTOMER BASE WITH PROXIMITY TO MAJOR ECONOMIC DRIVERS
» High average household incomes of $123,712 within a one-mile radius, $122,722 within a three-mile radius, and $115,819 within a five-mile radius
» Adjacent to the Bayport Industrial District, one of the largest private industrial complexes in the United States and the leading center for chemical processing in the Houston area
» The Bayport Industrial District features a diverse manufacturing community of over 15,000 people working for more than 70 companies and has an economic impact of about $6 billion per year
» A short drive from both the University of Houston–Clear Lake, which has approximately 9,000 students, and the Kemah Boardwalk, visited by more than 3 million people annually
» Minutes from NASA’s Johnson Space Center (JSC), which manages more than $4 billion annually in aerospace contracts and has a workforce of about 3,200 civil servants and over11,000 contractors



Property Description

The property is strategically located at the signalized hard corner of Bayport Boulevard (Texas Highway 146) and East Meyer Avenue, with excellent visibility and access to 45,016 vehicles per day. Bayport Boulevard—including the area directly in front of the property—is undergoing a major road widening project to accommodate increasing traffic, expanding the route from a six-lane to a 12-lane freeway for a three-mile stretch. More and more people are using the Texas Highway 146 corridor each day, and the number is expected to double over the next 20 years, according to the Texas Department of Transportation. As Bayport Boulevard serves as Seabrook’s primary commercial thoroughfare, the property is in the heart of the city’s retail corridor. Several notable retailers are located nearby, including Kroger, CVS, Burkes Outlet, Family Dollar, AutoZone, and many others.

The property is ideally located near the Bayport Industrial District, one of the largest private industrial complexes in the United States and the leading center for chemical processing in the Houston area. The district is comprised of 12 square miles, with a diverse manufacturing community of over 15,000 people working for more than 70 companies. Annually, these companies contribute about $6 billion to the local economy through taxes, payrolls, purchases, and capital expenditures. Other economic drivers located close by include NASA’s Johnson Space Center, which has a workforce of about 3,200 civil servants—including 110 astronauts—and over 11,000 contractors. The property is also a short drive from both the University of Houston–Clear Lake, which has approximately 9,000 students, and the Kemah Boardwalk, visited by more than 3 million people annually. Additionally, the property is supported by an affluent customer base, with an average household income of $123,712 within a one-mile radius and average household incomes over $115,000 within three- and five-mile radii.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link