McDonald’s

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McDonald’s

17800 E. 8 Mile Rd Harper Woods MI Wayne County

Sales Price: $2,308,680

Cap Rate: 5.00%

Lease Expiration: October 31, 2030

Contact Person(s): Daniel H. Kukes
Kevin J. Baker
Jason M. Greenspan
Maxwell E. Lippitt

Description:

#1 RESTAURANT CHAIN IN THE WORLD

  • McDonald’s is the world’s largest restaurant chain by revenue, serving over 69 million customers daily in over 100 countries across 37,855 restaurants as of 2018.
  • According to two reports published in 2018, McDonald’s is the world’s second-largest private employer with 1.7 million employees.

VERY DENSE DEMOGRAPHICS

  • Within a 5-mile radius of the subject property, the estimated population is 345,000 people.

LONG OPERATING HISTORY, RECENT LEASE EXTENSION

  • The tenant has shown its commitment to the site by extending for another 10 years of lease term (expiration: 10/31/2030).
  • In 2016, the tenant recently invested into the building by constructing a new façade.
  • McDonald’s has been operating at this location since 1994.

Building Size: 4,047 SF

Lot Size: 1.35 acres

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 18,285 165,945 344,696
Avg. HH Income: $58,565 $61,371 $67,796

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.