Northbrook, IL – December 5, 2016 – (RealEstateRama) — The Boulder Group, a net leased investment brokerage firm, has completed the sale of a McDonald’s ground lease located at 6126 Hickory Flat Highway in Canton, Georgia for $1,370,000.
The 4,024 square foot McDonald’s is strategically positioned on Hickory Flat Highway, the primary artery connecting Cherokee County and Fulton County. The location has multiple points of ingress and egress and offers excellent visibility from the heavily trafficked intersection of Hickory Flat Highway & E. Cherokee Drive (approximately 24,000 VPD). The property is located across the street of the Hickory Flat Village anchored by Publix Supermarket, Wells Fargo Bank, Advanced Auto Parts and GNC. Other retailers in the area include Kroger Supermarket, CVS Pharmacy and many other restaurants. The property features a double drive-through.
McDonald’s has approximately 9 years remaining on their 20 year lease which expires April 30, 2025. This triple net ground lease features a 10% rent escalation in May 2020 and four 5-year renewal option periods with 10% escalations. McDonald’s is a publicly traded company on the New York Stock Exchange (MCD) and an investment grade rated company with a Standard & Poor’s rating of BBB+.