McDonald’s Ground Lease
778 South Weber Rd. | Romeoville, IL 60441
• Original 20 Year Initial Lease w/ 16.5 Years Remaining
• 10% Rent Bumps every 5 Years
• 7 Miles North of Joliet & 36 Miles SW of Chicago
• Quality Architecture – Dual Drive-Through
Brent Hensley
216 N. Coast HWY 101 | Encinitas, CA 92024
(o) 760.452.2401
brent@1031nnnsearch.com
Kevin D. Shelburn
216 N. Coast HWY 101 | Encinitas, CA 92024
(o) 760.452.2405
kevin@1031nnnsearch.com
Investment Summary
Subject Property
Price:
$1,735,000
Cap Rate:
5.0%
NOI:
$86,745.78 (as of 9/2012)
Building Area:
4,375
Land Area:
1.35 acres / 58,888sf
Ownership:
Ground Lease
Price per SF:
$29.46
Rent per SF:
$1.47
Rent Roll
Tenant
SF
Rent Commencement
Initial Term
Lease Expiration
Rent (NNN)
Annual Rent
Bumps
Options
10%/5 Years
4-5yr
(9/2027)
McD’s USA LLC
4,375
9/7/2007
20 Years
8/31/2027
$1.47
$86,745.78
Rent Schedule
Years 1 - 5
Years 6 – 10
Years 11 – 15
Years 16 – 20
Option 1
Option 2
Option 3
Option 4
$95,420.40
$104,962.32
$115,458.63
$127,004.50
$139,704.95
$153,675.44
(Buyer to be credited difference)
$78,859.80
$86,745.78
Tenant Description
McDonald’s is the world’s largest fast food chain with ~32,000 restaurants. They currently have an A
rating with the S&P and net worth north of $13.6 billion dollars. For Q3 2010 McD’s earned $1.3 billon
with profits rising 10%.
Tenant:
Credit Rating:
Net Worth:
Stock Symbol:
Corporate
A
$13.6 Billion
MCD (NYSE)
Overview
Rare McDonald's Ground Lease NNN investment property offering fixed 10% rent increases every 5 years. Original 20 year lease with 4(5) year
options. Lease has just under 17 years remaining on the primary term. The building ownership reverts to the ground Lessor at the end of the lease.
Located in prime Romeoville, Illinois trade area; situated on Weber Road the primary location for national retailers including: Walmart,
Walgreens, Target, Jewel, Sam's Club and Dominick's. McDonald's built their 4,375 s.f. restaurant in 2007 on 58,888 s.f. of land. Only 35 minutes
on the I-55 freeway southwest of Chicago. Upscale architecture in this master planned community. Unique double split high-volume drive-thru
lane with two menu order staging areas to maximize sales.
Net Leased Real Properties is pleased to offer for sale a rare McDonald's single tenant retail property located in Romeoville (Chicago Metro),
Illinois. The property is 100% NNN leased to and guaranteed by McDonald's. This is a power center location at the heart of a vastly expanding
sub-regional corridor. The intersection of S. Weber and Renwick boasts one of the busiest intersections within Will County. S. Weber Road has
over 33,000 vehicles per day. 17,000 newly constructed homes in a five mile radius over the past 4 years. McDonald's Corporation operates
32,478 restaurants in 117 countries, of which 26,216 were operated by franchisees; and 6,262 were operated by the company. McDonald's
Corporation was founded in 1948 and is based in Oak Brook, Illinois.
Map
Site Plan
Chicago
4,375 sf
Joliet
2010 Demographics
• Average Income:
$68,000
• 5 Mile Population
131,000
• 31% Population Gain since 2000
Brent Hensley
216 N. Coast HWY 101 | Encinitas, CA 92024
(o) 760.452.2401
brent@1031nnnsearch.com
Kevin D. Shelburn
216 N. Coast HWY 101 | Encinitas, CA 92024
(o) 760.452.2405
kevin@1031nnnsearch.com
Site Photographs