McDonalds Ground Lease

12
NET LEASED INVESTMENT OFFERING www.bouldergroup.com McDonald’s (Ground Lease) 3151 South Dirksen Parkway Springfield, IL 62703

description

ground leased McDonalds for sale

Transcript of McDonalds Ground Lease

Page 1: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

McDonald’s (Ground Lease)3151 South Dirksen Parkway

Springfield, IL 62703

Page 2: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

1) Confidentiality&Disclaimer

2) ExecutiveSummary

3) PropertyOverview

4) Aerial

5) SitePlan

6) Maps

7) TenantProfile

8) DemographicComparisonReport

9) LocationOverview

10) ContactInformation

TABLE OF CONTENTS

TABLE OF CONTENTS

Page 3: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.

CONFIDENTIALITY & DISCLAIMER

CONFIDENTITALITY & DISCLAIMER

Page 4: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

TheBoulderGroupispleasedtoexclusivelymarketforsaleasingletenantMcDonald’sgroundleaselocatedinSpringfield, Illinois.McDonald’shasoccupied thesite foralmost forty yearsand iscommitted to theareaasevidencedby therecentexecutionof their last remainingrenewaloption.The4,134square footpropertyislocatedwithinaprimaryretailtradeareadirectlyoffInterstate55/72.Interstate55/72experiencestrafficvolumesinexcessof50,000vehiclesperday.McDonald’sisaninvestmentgraderatedcompanywithaStandard&Poor’sratingofA.

ThepropertyislocatedalongSouthDirksenParkwayjusteastofStevensonDriveandlessthanone-quartermilefromtheInterstate55exitramp.DirksenParkwayandStevensonDriveexperiencetrafficvolumesof13,900VPDand18,200VPDrespectively.ThepropertybenefitsfromthesignalizedintersectionatSouthDirksenandStevensonDrive,providingconsistenttrafficnearthesite.TheMcDonald’spropertyhasmultiplepointsofingressandegressandislocatedattheentrancetotheCapitalCityShoppingCenter.TheCapitalCityShoppingCenterisanchoredbyAMCTheater,BigLotsandAnytimeFitness.DirksenParkwayishometonumeroushotelsincludingtheCrownPlaza,HolidayinnExpress,HiltonGardenInnandComfortSuites.EmployersintheimmediateareaincludetheIllinoisDepartmentofTransportation(950employees),TheIllinoisSecretaryofStateandCityWater,Light&PowerofSpringfield(650employees).

McDonald’soriginal leasetermisfor21yearsandtheamendedleaseexpires inOctober2018.McDonald’sexercisedtheirfinalrenewaloptionin2011withnofuturerenewaloptionsremaining.Thisallowsaprospectiveinvestortoaddvaluebypotentiallyincreasingthegroundrent.McDonald’sisapubliclytradedcompanyontheNewYorkStockExchange(MCD),withamarketcapitalizationof$94billion.McDonald’sisaninvestmentgraderatedcompanywithaStandard&Poor’sratingofA.

INVESTMENT HIGHLIGHTS

•InvestmentgraderatedcompanywithanS&PratingofA

•Longstandingtenantforalmostfortyyears

•Provenlocationastenantrecentlyexecutedtheirlastrenewaloptionforfiveadditionalyears

•Potentialtoaddvaluebyincreasingthegroundrent

•DirksenParkwayexperiencestrafficvolumesofapproximately14,000VPD

•Triplenetgroundlease

•PositioneddirectlyoffInterstate55(50,000VPD)

•NearbyretailersincludeAMCTheater,BigLotsandAnytimeFitness

EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

Page 5: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

PROPERTY OVERVIEW

PROPERTY OVERVIEW

Price: $766,080

CapRate: 5.00%

NetOperatingIncome: $38,304

RenewalOptions: None

LeaseCommencementDate: December15,1975

LeaseExpirationDate: October31,2018

Tenant: McDonald’s

CreditRating: A(Standard&Poor’s)

YearBuilt: 1975

LeaseType: GroundLease-NNN

RentableSquareFeet: 4,134

LandSize: 37,409SF

Page 6: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

AERIAL

AERIAL

N

900+ EMPLOYEES

STEVENSO

N D

RIVE

18,200 VPD

S. DIRKSEN PARKWAY13,900 VPD

50,700 VPD55

DREAMLAND PARK

650 EMPLOYEES

Page 7: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

SITE PLAN

SITE PLAN

N

S. DIRKSEN PARKWAY

Page 8: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

MAPS

MAPS

Page 9: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

McDonald’s Corporation (NYSE: MCD) is the world’s largest chain of hamburger fast food restaurants,servingaround69millioncustomersdailythroughout118countries.McDonald’sprimarilysellshamburgers,cheeseburgers,chicken,frenchfries,breakfastitems,softdrinks,shakesanddesserts.Inresponsetochangingconsumertastes,thecompanyhasexpandeditsmenutoincludesalads,wraps,smoothiesandfruit.McDonald’srestaurantsoffercustomerscounterserviceaswellasdrive-thruservice.McDonald’sownsapproximately20%oftheirrestaurants,whiletheremainderofthestoresarerunmyfranchiseemembersorjointventure.In2012McDonald’shadtotalrevenueof$27billion.

Website: www.mcdonalds.comNumberofLocations: 34,480StockSymbol: MCD:NYSEStandard&Poor’sRating: AMarketCapitalization: $94billionEmployees: 1.8million

TENANT PROFILE

TENANT PROFILE

Page 10: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

Population 3-mi 5-mi 7-mi

TotalPopulation 36,741 102,996 144,679TotalHouseholds 14,496 44,485 62,667

Income

MedianHouseholdIncome $38,612 $40,126 $45,410AverageHouseholdIncome $52,128 $54,747 $61,151

DEMOGRAPHIC COMPARISON REPORT

DEMOGRAPHIC COMPARISON REPORT

Page 11: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

Springfield is thecapitalof theStateof Illinoisand thecountyseatofSangamonCounty.Atthetimeofthe2010U.S.Census,Springfieldhadatotalpopulationof116,250makingitthesixthmostpopulatedcity in Illinois.Springfield is located incentral Illinoisapproximately170milessouthwestofdowntownChicagoand85milesnortheastofdowntownSt.Louis,Missouri.Springfieldhasa richhistorydatingback toU.S.PresidentAbrahamLincoln,whostartedhis

politicalcareer inSpringfield.Thecitydrawstourist fromallovertheUnitedStatestovisit theLincolnHomeNationalHistoricSite,theLincoln-Herndonlawoffices,theLincolnTomb,theOldStateCapitol,andtheLincolnDepot.

Theeconomy inSpringfield iscenteredaroundstategovernment,headquartered inSpringfield.ThestateofIllinois is the largestemployer inSangamonCountywithover17,000employees.Additionally, transportationandutilities,andthehealthcareindustryeachprovidebetween17,000and18,000jobstothecity.MemorialMedicalCenteristhelargestprivatesectoremployerinSpringfieldwithjustunder6,000employees.

www.springfield.il.us

LOCATION OVERVIEW

LOCATION OVERVIEW

Page 12: McDonalds Ground Lease

NET LEASED INVESTMENT OFFERING

www.bouldergroup.com

666DundeeRoad,Suite1801Northbrook,IL60062

Randy [email protected]

Jimmy [email protected]

CONTACT INFORMATION

CONTACT INFORMATION