McDonald’s Ground Lease, Cary, North Carolina

3494 Kildaire Farm Rd no-imageVIEW MAP

Property Information

Price: $2,071,670
Cap Rate: 4.25%
NOI: $88,046
Lease Term: 13.5 Years Remaining
Lease Type: Absolute NNN Ground Lease
Building Size: Approximately 4,000 Square Feet
Year Built: 2002 / 2012
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670
Marketing Package

Property Description

Investment Highlights

  • Absolute NNN Ground Lease with 13.5+ Years Remaining – Stable Cash Flow Asset – Zero Landlord Responsibilities – Sixteen (5-Year) Options to Renew
  • 5% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods Provide a Hedge Against Inflation and Increase the Return Over the Hold Period
  • Corporately Guaranteed Lease by McDonald’s Corporation – McDonald’s is a Best in Class, Leading Fast-Food Tenant Founded in 1940 That Operates More Than 45,000 Locations Worldwide & Generated More Than $26.9 Billion in Total Revenue in 2025
  • Densely Populated Location with Excellent Demographics – Over 135,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $181,000 Annually
  • Tremendous Recent Growth – More Than 23% Population Growth in a 5-Mile Radius Since the 2010 Census
  • High Traffic Location with Excellent Visibility at a Signalized Intersection – Over 24,000 Vehicles Per Day on Kildaire Farm Road and Over 22,000 Vehicles Per Day on Ten-Ten Road
  • Successful Operating History with Over 24 Years at This Site and Recent Early Lease Extension Shows Tenant’s Commitment to the Location
  • Strategically Positioned as an Outparcel to a Mixed-Use Center with a Newly Renovated Publix Grocery Store – Publix Invested Over $5 Million in Store Renovations in 2016
  • Located Within the Same Center as Wake Technical Community College Western Campus Which Has 2,380 Students Enrolled
  • Within 1.5 Miles of Oak Grove Elementary and Penny Road Elementary with a Combined Enrollment Exceeding 1,000 Students
  • Situated 2 Miles from Pinnacle Park, Apex’s Largest Industrial Park with Over 2.9 Million Square Feet of Existing Space at 100% Occupancy Level and the Ability to Exceed 6 Million Square Feet at Full Buildout
  • Approximately 3.4-Miles from the 237-Bed WakeMed Cary Hospital with Over $1.73 Billion in Total Patient Revenue in 2025 and a Staff of More Than 1,800 Healthcare Professionals
  • Extremely High Daytime Population with More Than 58,000 Employees within a 5-Mile Radius of the Property
  • Tremendous Multifamily Density with Over 23,000 Apartment Units Within a 7-Mile Radius of the Property