31250 Bob Hope Dr - Fast Food FOR SALE


Cathedral City, CA 92234
$2,451,000 USD
949-698-1106
31250 Bob Hope Dr, Cathedral City, CA for Sale
$2,451,000 USD
Fast Food - FOR SALE
1/8
null | 3.49% Cap Rate

31250 Bob Hope Dr
Cathedral City, CA 92234


HIGHLIGHTS

  • 14 Years Remaining | Options To Extend | Scheduled Increases | Investment Grade Tenant | Drive-Thru Equipped
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Nearby On/Off Ramps I-10 (106,000 VPD) | National QSR Brands |Signalized, Hard Corner Intersection (Combined 47,700 VPD)|
  • Strong Demographics In 5-Mile Trade Area | Affluent Community

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, investment grade (S&P: BBB+), corporate guaranteed (NYSE: MCD) McDonald’s investment property located in Cathedral City, California. The tenant, McDonald’s USA, LLC has 14 years remaining on its lease with 8 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and variable increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with no landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,451,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

3.49%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald's | Absolute NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,204 SF

ZONING

MU-U

APN/PARCEL ID

650-090-048

ASK ABOUT THIS PROPERTY

Pat KentSRS National Net Lease GroupMore Info
949-698-1106

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Pat KentSRS National Net Lease GroupMore Info
949-698-1106

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.