Ground + Space today announced the sale of a McDonald’s property in California, Maryland. After receiving multiple offers, the tenant chose to exercise its right of first refusal to purchase the property. This asset features a 20-year Ground lease that includes scheduled rental increases and multiple five-year options to extend the lease well into the future.
This McDonald’s property is a prominent outparcel to the Laurel Glen Shopping Center along busy Three Notch Road. Nearby retailers include Target, BJ’s, Walmart, Harris Teeter, Ross Dress For Less, Lowe’s and countless others. This particular area of Southern Maryland is one of the fastest-growing regions in the state, and retailers along Three Notch Road benefit from an affluent population with annual household incomes exceeding $96,000.
The quick-service restaurant (QSR) sector has once again proven to be resilient, even during the face of a global pandemic. Drive-thru lanes, contactless payment options and curbside pick-up have become increasingly important as they directly address their customers’ needs in a convenient way. Even before the pandemic began last March, many QSRs had begun to evolve their store formats to enhance different aspects of the customer experience, from pay kiosks to partnerships with online delivery platforms. McDonald’s is one QSR chain that provides investors with a stable, long-term net lease investment with a reliable, credit-rated tenant, consistent monthly income and few to no maintenance responsibilities.
About Ground + Space
Ground + Space is a net lease brokerage firm that leads with an emphasis on personalized relationships. Michael Zimmerman and team have curated a brokerage firm and investment sales platform focused on boutique amenities and down-to-earth service. During these uncertain times, Ground + Space remains dedicated to providing best-in-class services and results to our clients. We have several listings available featuring retailers that are in a prime position to succeed in a post-pandemic economy. Contact us today to find out more!