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  • For sale
Brand New Construction – STNL Ground Lease – New 20 Year Lease - #1
Brand New Construction – STNL Ground Lease – New 20 Year Lease - #2

For Sale

$3,389,000 USD

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.​