McDonald’s Ground Lease, Baytown, Texas
6026 Devinwood Drive
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AERIAL FAR – MCDONALD’S (BAYTOWN, TX) JPG
AERIAL FAR – MCDONALD’S (BAYTOWN, TX) JPG
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AERIAL NEAREST – MCDONALD’S (BAYTOWN, TX) JPG
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Property Information
| Price: | $2,312,500 |
| Cap Rate: | 4.0% |
| NOI: | $92,500 |
| Lease Term: | 20 Years |
| Lease Type: | Absolute NNN Ground Lease |
| Building Size: | Approximately 3,686 Square Feet |
| Year Built: | 2025 |
| Status: | Available |
| Lead Broker Information: |
Randy Bell bell@realcapitalinvestments.com 214-380-3670 |
Property Description
Investment Highlights
- Brand New 20 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Eight (5-Year) Options to Renew
- 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- Corporately Guaranteed Lease by McDonald’s USA – Founded in 1940, McDonald’s is the Largest Quick Service Restaurant Chain in the World with More Than 43,000 Locations Worldwide, Generating $25.9 Billion in Revenue in 2024
- New Construction, Pride of Ownership Asset Featuring McDonald’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
- Intrinsic Value – Low Rent and Price Basis – Large Format Restaurant at 3,686 Square Feet on a Sizeable 1.109 Acre Parcel Containing 37 Parking Spaces and 2 Drive-Thru Lanes, Providing McDonald’s with the Ability to Effectively Handle High Restaurant Volume
- High Traffic Location with Excellent Visibility – Situated at the Signalized, Hard Corner Intersection of Highway 146 and Devinwood Drive with More Than 44,000 Vehicles Per Day
- Strong Demographics – Over 86,000 People within a 5-Mile Radius with Average Household Income Exceeding $138,000 Annually within a 1-Mile Radius of the Property
- Tremendous Recent Growth – 38% Population Growth within a 5-Mile Radius of the Property Since the 2010 Census – Projected Growth of 6% by 2030
- Strategically Positioned Directly Across from Johnny T. Clark Elementary School with More Than 680 Students Currently Enrolled
- High Daytime Population of Over 24,000 Employees from Nearby Employers Such as the 1,650+ Acre Covestro Production Plant with More Than 2,000 Employees, the 12 Million+ Square Foot Katoen Natie Houston Baytown Chambers Logistics Terminal, the Dual Rail-Served, 1,200 Acre Ameriport Industrial Park, and the 3,400 Acre ExxonMobil Baytown Complex with More Than 10,000 Personnel That Generates Over $7 Billion Annually for the Local Economy
- Tremendous Multi-Family Density with More Than 9,800 Apartment Units within a 5-Mile Radius of the Property
- Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset