FOR SALE McDonald’s | Ground Lease | Celebration FL

Offering MeMOranduMJames Mitchell

Senior Vice President+1 407 404 [email protected]

ACTUAL PROPERTY PHOTO

FOR SALE

McDonald’s | Ground Lease | Celebration FLRetail | Orlando FL

mailto:james.mitchell%40cbre.com?subject=

FOR LEASE

Square Feet 4,400 ± SF

Land Area 1.13±

Net Operating Income (NOI) $84,000 NNN

Tenant McDonald’s USA LLC

Tenant Rating BBB+(S&P)

Stock Symbol MCD

Guarantor McDonald’s Corporate

Lease Type NNN Ground

Landlord Responsibilities None

Store Opened 09/28/2018

Lease Term Remaining 20 years

Rent Increases10% every 5-years

starting year 11

Renewal OptionEight (8) Five (5) Year

Options

Rent Commencement 09/28/2018

Lease Expiration 09/27/2038

Financial Summary

rent Schedule

terM eScalatOr annual rent MOnthly rent

Years 1-10 - $84,000 $7,000

Years 11-15 10% $92,400 $7,700

Years 16-20 10% $101,640 $8,547

Years 21- 25 (Option 1)

10% $112,820.40 $9,401.70

Years 26-30 (Option 2)

10% $124,102.44 $10,341.87

Years 31-35 (Option 3)

10% $136,513.92 $11,376.06

Years 36-40(Option 4)

10% $150,164.04 $12,513.67


10% $165,180.48 $13,765.04


10% $181,698 $15,141.54


10% $199,868.28 $16,655.69


10% $219,855.12 $18,321.26

McDonalD’s | celebration Fl

Asking Price$2,584,615$ % Cap Rate

3.25%

Investment Highlights

PrOPerty SubMarket infO

CBRE Retail is pleased to exclusively offer a McDonald’s corporate

guaranteed NNN Ground Lease opportunity uniquely located in the Tourist

Corridor of Orlando Florida at the NWC of World Dr and Celebration Blvd

just off of Interstate 4. Distinctively positioned, this property is within minutes

from the world’s most traveled destinations, attractions, resorts and amenities

at Walt Disney World. The property offers 1.13 acres of commercially zoned

land with a McDonald’s single tenant at 4,400 square feet.

+ New (2018) construction 20-year NNN corporate ground lease

+ Tremendous income levels in Celebration - the average household income in Celebration is $132,759

+ Uniquely positioned just minutes from Walt Disney World, the world’s #1 theme park & destination hub with over 85 million+ visitors per year

+ A $2.5 Billion master planned community developed in the 1990’s, celebration is a true “live, work, and play” environment and has attracted some of the strongest demographics in central Florida.

+ Average home value in Celebration is approximately $532,044

+ Located directly off of Interstate 4 with average annual traffic counts of 200,000+ cars per day

SITE

Tenant Overview


+ Global comparable sales increased 5.5% and global comparable guest counts increased 0.8%

+ Due to the impact of the Company’s strategic refranchising initiative, consolidated revenues decreased 9% (15% in constant currencies)

+ System wide sales increased 7% in constant currencies

earningS SuMMary

+ McDonald’s is the world’s leading global food service retailer with over

36,000 locations in over 100 countries.

+ McDonald’s Corporation is the world’s largest chain of quick-service

restaurants (QSR), serving nearly 47 million customers daily.

+ More than 80% of McDonald’s restaurants worldwide are owned and

operated by independent local business men and women.

+ McDonald’s, with its Golden arches” and Dollar Menu, remains the

dominant brand in the QSR space.

+ Brand recognition, operating stability, and strong credit ratings reinforce

McDonald’s standing as a prime net lease investment property.

+ The U.S. is the largest market in the McDonald’s System in terms of

number of restaurants, revenues and operating income

abOut

Tenant Snapshot

36,000+ Locations

Credit Rating: (S&P) BBB+

Stock Symbol: nySe: Mcd

Site Photos


SITE


Location Overview

CELE

BRAT

ION

BLVD

13,80

0 AAD

T

WORLD DR 2,800 AADT

TO DISNEY – 2.0 MILES FULL ACCESS

Micro AeriAl 1

Self StorageUnder Construction

Under Construction

SITE

EMERSON @ CELEBRATION 350 MF UNITS

TO TA

MPA

96, 5

00 AA

DT

CELEBRATION BLVD 8,900 AADT

CELEBRATIO

N BLVD EXTEN

SION TO

FUTURE CELEBRATION VILLAGE

CELEBRATION HIGH SCHOOL2,240 STUDENTS

DISNEY –PROPOSED FUTURE

RETAIL DEVELOPMENT

EVANDER SQUARE –400 MF UNITS

FULL ACCESS

TO ORL

ANDO

110,

500 A

ADT

WORLD DR (2,800 AADT)

TO DISNEY – 2.0 MILES

AVIVA @ CELEBRATION –306 MF UNITS

SENIOR LIVING FACILITY –225 MF UNITS

Micro AeriAl 2

SELF STORAGE(UNDER CONSTRUCTION)

UNDER CONSTRUCTION

Disney’s Caribbean Beach Resort

Disney’s Typhoon Lagoon Water Park

2,163,000 Attendance 2017

Disney’s Art of Animation Resort

Disney SpringsDowntown Disney

Orlando World Center Marriott

Orlando Vineland Premium Outlets

ESPN Wide World Sports Complex

Home Values- $400k - $1.7M



SITE

Four Seasons ResortOrlando at Walt

Disney World

Future Residential Development

W IRLO BRONSON MEMORIAL HWY

WO

RLD

D

R

MAcro AeriAl

®

®

TO TA

MPA

TO O

RLAN

DO

Disney’s Animal Kingdom

12,500,000 Attendance 2017

Disney’s Hollywood Studios

10,722,000 Attendance 2017

EPCOT at Walt Disney World

12,200,000 Attendance 2017

Magic Kingdom at Walt Disney World

20,450,000 Attendance 2017


Theme Parks:

CENTRAL FLORIDA’S ATTRACTION

Water Parks:

Magic Kingdom 20,450,000Disney’s Animal Kingdom 12,500,000EPCOT at Walt Disney World 12,200,000Disney's Hollywood Studios 10,722,000Universal Studios at Universal Orlando 10,198,000Islands of Adventure at Universal Orlando 9,549,000SeaWorld Orlando 3,962,000

Typhoon Lagoon at Disney World 2,163,000Blizzard Beach at Disney World 1,945,000Universal’s Volcano Bay 1,500,000Aquatica at SeaWorld 1,382,000

Source: Themed Entertainment Association (TEA) and AECOM; All figures are estimates.

Area Overview

MajOr deMand generatOrS

Home to Walt Disney World, Universal Studios Orlando, SeaWorld and many

more attractions, Orlando remains the most-visited destination in the U.S. and

drew more than 67 million visitors in 2016. The major theme parks are

continuing to invest in significant new attractions and exhibits, which should

continue to drive visitation.

Walt Disney World Resort, located less than one mile away from the property, is

an almost 40-square mile resort containing four theme parks (Magic Kingdom,

Epcot, Disney’s Hollywood Studios and Disney’s Animal Kingdom), water parks

(Disney’s Blizzard Beach and Disney’s Typhoon Lagoon), 40 resort hotels (the

majority are owned and operated by Walt Disney World Resort), 63 holes of

golf on four courses, two spas and Disney springs. First opened in October

1971, the resort now employs nearly 70,000 Cast Members and saw 20.4

million visitors last year. According to AECOM, Walt Disney World Resort parks

have been the top-ranked globally; Magic Kingdom ranked first, Epcot ranked

sixth, Animal Kingdom ranked seventh and Hollywood Studios ranked eight.

Walt Disney World Resort transformed the former Downtown Disney into Disney

Springs. Featuring a diverse mix from Disney and other notable retail brands,

Disney Springs offers more than 100 shops, restaurants and other venues,

greatly expanding the offering of the former Downtown Disney.


Demographics

Radius 1 Mile 3 Mile 5 Mile

Population

2018 Population 2,568 14,500 33,276

2023 Population - Five Year Projection 3,195 18,174 41,294

2010-2018 Annual Population Growth Rate 9.27% 5.27% 4.65%

2018-2023 Annual Population Growth Rate 4.47% 4.62% 4.41%

2018 Male Population 47.6% 47.9% 48.3%

2018 Female Population 52.4% 52.1% 51.7%

2018 Median Age 41.5 39.6 38.1

Households

2018 Households 951 5,337 12,515

2023 Households - Five Year Projection 1,173 6,625 15,392

2010-2018 Annual Household Growth Rate 8.86% 5.14% 4.40%

2018-2023 Annual Household Growth Rate 4.29% 4.42% 4.23%

2018 Average Household Size 2.70 2.72 2.62

Median Household Income

2018 Median Household Income $105,200 $92,622 $62,242

2023 Median Household Income $110,403 $101,671 $73,004

Average Household Income

2018 Average Household Income $132,759 $118,587 $87,785

2023 Average Household Income $150,426 $134,627 $101,074

Per Capita Income

2018 Per Capita Income $50,304 $44,066 $33,063

2023 Per Capita Income $56,507 $49,577 $37,605


DEMOGRAPHIC PROFILE1720 CELEBRATION BLVD | CELEBRATION FL 34747

NAME LATITUDE LONGITUDE

28.301625 -81.5658255

©2018 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri ProjectID:378772

Site Plan

Self StorageUnder Construction

CROSS ACCESS

Subject Site1.13± Ac4,400± Sf

FULL ACCESS


To I-

4 & D

isney

Under Construction

AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgment of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Your receipt of this Memorandum constitutes your acknowledgment that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of

the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

© 2018 CBRE, Inc. All Rights Reserved

James Mitchell

Senior Vice President+1 407 404 [email protected]

CBRE Orlando

200 South Orange AveSuite 2100Orlando FL 32801

Contact

SITE


FOR SALE

McDonald’s | Ground Lease | Celebration FL

www.cbre.us/orlando

Retail | Orlando FL

mailto:james.mitchell%40cbre.com?subject=

http://www.cbre.us/orlando

FOR SALE McDonald’s | Ground Lease | Celebration FL

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