McDonald’s Brooklyn, New York

$1,728,575
Cap Rate: 3.50%
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 3.50%
Price: $1,728,575
Rentable Square Feet: 4,588
Annual Rent: $60,500
Rent/Square Foot: $11.99
Land Area: 0.44 Acres
Year Built: 1971
Lease Type: Ground Lease
Option Periods: 3, 10-Year Options
Rental Increases: 10% Every 5 Years

5804 Clarendon Road
Brooklyn, NY 11203

Investment Highlights

10-Year, Corporate Ground Lease with Six Years Remaining
McDonald’s has Been at This Location Since 1971
Located at Signalized Hard Corner in the Heart of Brooklyn, NY
Subject Property has a Drive Thru
Three, 10-Year Renewal Options with 10% Rental Increases Every Five Years
Population of More Than 2.3 Million Within Five Mile Radius
Numerous Schools and Childcare Centers in the Immediate Area and Next to Subject Property
One Mile from Brooksdale Hospital Medical Center
Two Miles from Kings County Medical Center and Brooklyn College

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a McDonalds located in the heart of Brooklyn, New York. This McDonalds offers a 10-year, corporate ground lease with six years remaining on the base term. There are three, 10-year renewal options with 10 percent rental increases every five years throughout the base term and option periods. The subject property has a drive thru and is located at a signalized hard corner. McDonalds has been at this location since 1971, showing a strong commitment to the site.

There is a population of more than 2.3 million people within a five-mile radius of the subject property. There are numerous schools and childcare centers in the immediate area. The subject property is one mile from Brooksdale Hospital Medical Center, and two miles from Kings County Medical Center and Brooklyn College. Surrounding national retailers include PetSmart, Dollar Tree, Planet Fitness, Dunkin Donuts, Pizza Hut and many more.

Located across the East River from Manhattan, Brooklyn is the most populous of the five New York City boroughs. Brooklyn covers 71 square miles of the land mass shared with Queens. Brooklyn is bordered to the east and south by the Atlantic Ocean, to the west by the Upper New York Bay and the East River, and to the north by the borough of Queens. The borough of Brooklyn is located entirely within Kings County and is divided into 18 community districts, many of which have been made famous in movies, books and television.


Broker of Record

John Horowitz – Lic.# 30HO1135163

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