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McDonald's 273 Cottage Grove Rd 4,149 SF 4-Star Retail Building Bloomfield, CT 06002 $5,702,333 CAD ($1,374.39 CAD/SF) 4.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Ground Lease – 8.7 Years Remaining in Primary Term – Four 5-Year Option Periods
- Below-Market Rent Provides Long-Term Upside - Strong Store Performance – Ranked 79th Percentile Nationwide (Placer.ai)
- Outparcel to Copaco Center - A Dominant, Grocery-Anchored Shopping Center
- Long-Term Operating History – Tenant has Successfully Operated at this Location for 32 Yrs - Strong Rent Bumps – 12% Increases Every 5 Years
- 4,149 SF QSR Building with a Double Drive-Thru – Large 1.35-Acre Parcel - Positioned on Cottage Grove Road (22,700 VPD) – Excellent Visibility & Ingre
- Strong Demographics – 186,900+ Residents within a 5-Mile Radius - Average Household Income Exceeding $110,100 within a 5-Mile Radius
EXECUTIVE SUMMARY
The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire a McDonald’s ground lease in Bloomfield, CT. McDonald’s, a publicly-traded company (NYSE: MCD), has an investment-grade credit rating of BBB+ from S&P (Moody’s: Baa1) and operates 44,000+ locations in over 100 countries. With a market cap exceeding $219 billion and 70 years of operating history, McDonald’s has long reigned supreme in the fast-food industry.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,149 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1993/2024
Price
$5,702,333 CAD
Price Per SF
$1,374.39 CAD
Cap Rate
4.30%
NOI
$245,146 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.35 AC
Zoning
I-1
Parking
29 Spaces (6.99 Spaces per 1,000 SF Leased)
Frontage
163’ on Cottage Grove
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- McDonald's
- Accommodation and Food Services
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| McDonald's | Accommodation and Food Services | 99,999 SF | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | BLOO-000881-000000-001008-R000545 | Improvements Assessment | $1,698,309 CAD |
| Land Assessment | $376,431 CAD | Total Assessment | $2,074,740 CAD |
PROPERTY TAXES
Parcel Number
BLOO-000881-000000-001008-R000545
Land Assessment
$376,431 CAD
Improvements Assessment
$1,698,309 CAD
Total Assessment
$2,074,740 CAD
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McDonald's | 273 Cottage Grove Rd
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