- For sale
We are pleased to present a rare opportunity to own a brand-new construction single tenant McDonald’s (rated “BBB+” by Standard & Poor’s) on a new 20-year absolute NNN ground lease. The subject property is very well positioned in the Summerlin South trade area at the NEC of Fort Apache Rd & Maule Ave providing great visibility and easy access to over 53,000 VPD that travel through this intersection daily. Additionally, the subject property is part of a larger development that includes a brand new 7-Eleven, The Learning Experience, retail shops and future dental pad site that will be directly adjacent to the subject property providing strong retail synergies with cross access between the properties. This is an excellent opportunity to acquire a brand-new construction investment grade credit tenant, on a new 20 year lease, with fixed rental increases (10% every 5 years), in an area of tremendous growth and solid real estate fundamentals.