This McDonald’s restaurant is a prominent outparcel within the larger Laurel Glen Shopping Center along Three Notch Road. This 20-year Ground lease has 11 years remaining on its Base Term, as well as four options to renew. There is an upcoming 10 percent rental increase that will take effect in 2021. The corporate guarantee is backed by the No. 1 fast food company in the world. There are no landlord responsibilities for ease of investment.
The site benefits from its presence among the continually expanding shopping centers along Three Notch Road. Nearby retailers include Target, BJ’s, Walmart, Harris Teeter, Ross Dress For Less, Lowe’s and countless others. Businesses along this retail corridor benefit from the area’s affluent consumer base. An estimated 56,287 residents living within five miles of this McDonald’s location report average annual household incomes of more than $96,000.
Southern Maryland is one of the fastest-growing areas of the state and is a popular area for residents working in the nation’s capital. Residents of California and neighboring Lexington Park have easy access to Washington, D.C. and Baltimore, Maryland thanks to the many highways and international airports serving the area.
This property is listed in conjunction with Maryland broker Mark Mueller of Broad Reach Brokerage Services Mid-Atlantic, LLC (License 6248).