1140 Biddle Rd - Fast Food FOR SALE


Medford, OR 97504
$1,369,000 USD
949-230-1487
1140 Biddle Rd, Medford, OR for Sale
$1,369,000 USD
Fast Food - FOR SALE
1/9
null | 3.5% Cap Rate

1140 Biddle Rd
Medford, OR 97504


HIGHLIGHTS

  • Below Market Rent (35% of Fair Market) | McDonald’s Corporate Guaranty | 49-Year Operating History since 1977
  • Pad to Bear Creek Plaza | 3.1 Million Annual Visitors per Placer.ai | Top Ranked Tenants Nationwide per Placer.ai
  • Absolute NNN | Leased Fee Ownership | No Landlord Responsibilities
  • Fastest Growing Region in Oregon
  • High Traffic 44,200 VPD Intersection | Excellent Visibility & Access | Directly off I-5 Fwy
  • Strong Demographics In 5-mile Trade Area

OVERVIEW

• Corporate Guaranteed Ground Lease to McDonald’s Inc., an investment grade rated (S&P: BBB+), publicly traded (NYSE: MCD) institutional-quality, creditworthy income • 49-Year Operating History for McDonald’s at Location since 1977 ; building renovated in 2022 • 20% Rent Increase in 2029; FMV increase in first option of maximum 20% increase • Current Rent of $47,920 is Approximately 35% of Fair Market Value, providing investors long term stability and large value-add and re-pricing opportunity at renewal • Scheduled minimum 10% rent increases provide a stable growing cash flow and appreciating asset; Next Rent Increase in 2028 • Top 19% McDonald’s Location Nationwide, per Placer.ai

FOR SALE DETAILS

PRICE

$1,369,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

3.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

McDonald's | Abs NNN Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C-C

APN/PARCEL ID

1-0566633

ASK ABOUT THIS PROPERTY

Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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Alexander MooreSRS National Net LeaseMore Info
949-230-1487

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