Property Highlights
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of McDonald’s | Virginia Beach, VA. The Premises has been leased to McDonald’s since 2001, and McDonald’s has recently exercised a 5 year renewal option, with three (3) – five (5) year options remaining. The asset is well positioned directly off of Providence Rd and located in a major retail hub in Virginia Beach, VA.
- Corporate Guarantee from Strong Credit Tenant
- McDonald’s has over 36,000 locations worldwide | S&P Credit Rating of BBB+ and has a market capitalization of $216B (NYSE: MCD) | Over $23B 2022 Revenue
- Attractive Lease Fundamentals
- Low Rent Abs. NNN – Ground Lease | Three (3) – five (5) year options | 10% rental increases in each option | No LL responsibilities
- Long Operating History
- McDonald’s has been operating at this location for over 20 years | Recently extended the lease | This location ranks in the top 60th percentile nationally
- Strong Surrounding Demographics
- Over 322K people live within a 5-mile radius | Average household income nearly $100K | Nearly 500K residents live within a 15 minute drive time
- High Visibility in Major Retail Hub
- Situated at a the intersection of Kempsville Rd (32,000 VPD) & Providence Rd (24,000 VPD) | Over 800K SF of retail located in 1 mile radius | Fairfield Shopping Center has recently gone through $1.5M of capital improvements | Nearby National Tenant’s include: TJ Maxx, Kroger’s, Starbucks, Verizon, and Chase