McDonald’s Ground Lease, Big Stone Gap, Virginia

1935 Neeley Rd no-imageVIEW MAP

Property Information

Price: $960,750

Cap Rate: 4.0%
NOI: $38,430
Lease Term: 14 Years Remaining
Lease Type: Absolute NNN Ground Lease
Building Size: Approximately 5,096 Square Feet
Year Built: 1990 / 2025
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670

Property Description

Investment Highlights

  • Absolute NNN Ground Lease with 14 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
  • Large Format Restaurant at 5,096 Square Feet Situated on a Massive 1.93-Acre Parcel with 43 Parking Spaces & a Drive-Thru Lane, Providing McDonald’s with the Ability to Effectively Handle High Restaurant Volume
  • Successful Operating History with Over 36 Years at This Site and Recent Early Lease Extension Shows Tenant’s Long-Term Commitment to the Location
  • High Traffic Location – More Than 13,000 Combined Vehicles Per Day on Neely Road & Gilley Avenue East & an Additional 21,701 Vehicles Per Day on Orby Cantrell Highway (US-23)
  • Ideal Demographics – Over 11,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $70,000 Annually
  • High Daytime Population of More Than 280 Businesses & 2,900 Employees