4689 Shiloh rd - Fast Food FOR SALE


Garland, TX 75044
$2,715,000 USD
415-481-0788
4689 Shiloh rd, Garland, TX for Sale
$2,715,000 USD
Fast Food - FOR SALE
1/7
null | 3.5% Cap Rate

4689 Shiloh rd
Garland, TX 75044


HIGHLIGHTS

  • New 20-year absolute NNN ground lease with scheduled rental increases every five years in initial term and option periods
  • McDonald’s is an investment grade tenant, with a “BBB+” credit rating from Standard & Poor’s and a “Baa1” credit rating from Moody’s
  • New high-quality 2024 construction in a tax-free state, built to McDonalds’ latest prototype and featuring a dedicated drive-thru
  • 10% Rental Increases every 5-years
  • Absolute NNN lease requires no landlord management, ideal for a passive investor
  • Strategically positioned just off the signalized intersection of Arapaho Road & North Shiloh Road, with access to a combined 41,000 vehicles per day

OVERVIEW

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)

FOR SALE DETAILS

PRICE

$2,715,000 USD

PRICE/SF

$667 USD /SF

CAP RATE

3.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

McDonald's Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.37 AC

LAND SF

146,868 SF

ZONING

-

APN/PARCEL ID

26211570010020000

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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Michael YurasCushman & WakefieldMore Info
415-481-0788

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