mcdonalds ground lease
DESCRIPTION
ground leased McDonalds for saleTRANSCRIPT
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McDonald’s (Ground Lease)3151 South Dirksen Parkway
Springfield, IL 62703
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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
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TheinformationcontainedinthefollowingOfferingMemorandumisproprietaryandstrictlyconfidential.ItisintendedtobereviewedonlybythepartyreceivingitfromTheBoulderGroupandshouldnotbemadeavailabletoanyotherpersonorentitywithoutthewrittenconsentofTheBoulderGroup.ThisOfferingMemorandumhasbeenpreparedtoprovidesummary,unverifiedinformationtoprospectivepurchasers,andtoestablishonlyapreliminarylevelofinterestinthesubjectproperty.Theinformationcontainedhereinisnotasubstituteforathoroughduediligenceinvestigation.TheBoulderGrouphasnotmadeanyinvestigation,andmakesnowarrantyorrepresentation.TheinformationcontainedinthisOfferingMemorandumhasbeenobtainedfromsourceswebelievetobereliable;however,TheBoulderGrouphasnotverified,andwillnotverify,anyoftheinformationcontainedherein,norhasTheBoulderGroupconductedanyinvestigationregardingthesemattersandmakesnowarrantyorrepresentationwhatsoeverregardingtheaccuracyorcompletenessoftheinformationprovided.Allpotentialbuyersmusttakeappropriatemeasurestoverifyalloftheinformationsetforthherein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER
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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
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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
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AERIAL
AERIAL
N
900+ EMPLOYEES
STEVENSO
N D
RIVE
18,200 VPD
S. DIRKSEN PARKWAY13,900 VPD
50,700 VPD55
DREAMLAND PARK
650 EMPLOYEES
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SITE PLAN
SITE PLAN
N
S. DIRKSEN PARKWAY
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MAPS
MAPS
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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
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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
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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
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666DundeeRoad,Suite1801Northbrook,IL60062
Randy [email protected]
Jimmy [email protected]
CONTACT INFORMATION
CONTACT INFORMATION