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McDonalds 4300 Wabash Ave 4,000 SF Retail Building Springfield, IL 62711 $1,700,505 CAD ($425.13 CAD/SF) 4% Cap Rate
Investment Highlights
- Corporate NNN Lease – Absolute triple-net lease with zero landlord responsibilities, guaranteed by McDonald’s USA, LLC
- ocated in Springfield, the capitol of Illinois, featuring a diverse economic base anchored by state government, healthcare, and higher education
- 12 years remaining on initial lease term with multiple 5-year renewal options and built-in rental escalations
Executive Summary
Corporate NNN Lease – Absolute triple-net ground lease with zero landlord responsibilities, guaranteed by McDonald’s USA, LLC (S&P: BBB+), providing stable, investment-grade income.
Long-Term Stability – 12 years remaining on initial ground lease term with multiple 5-year renewal options and built-in rental escalations, ensuring predictable cash flow and long-term appreciation potential.
- Established High-Traffic Location – Situated along Wabash Avenue, a primary commercial corridor with strong daily traffic counts and proximity to national retailers such as Walmart, Lowe’s, and Target.
- Strong Market Fundamentals – Located in Springfield, the capitol of Illinois, featuring a diverse economic base anchored by state government, healthcare, and higher education institutions.
- Exceptional Real Estate Value – Prominent parcel with excellent visibility, signalized access, and modern McDonald’s prototype construction with double drive-thru—positioned for enduring tenant success.
- High McDonald’s pylon sign in front and along Wabash Avenue
Long-Term Stability – 12 years remaining on initial ground lease term with multiple 5-year renewal options and built-in rental escalations, ensuring predictable cash flow and long-term appreciation potential.
- Established High-Traffic Location – Situated along Wabash Avenue, a primary commercial corridor with strong daily traffic counts and proximity to national retailers such as Walmart, Lowe’s, and Target.
- Strong Market Fundamentals – Located in Springfield, the capitol of Illinois, featuring a diverse economic base anchored by state government, healthcare, and higher education institutions.
- Exceptional Real Estate Value – Prominent parcel with excellent visibility, signalized access, and modern McDonald’s prototype construction with double drive-thru—positioned for enduring tenant success.
- High McDonald’s pylon sign in front and along Wabash Avenue
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
4,000 SF
Building Class
B
Year Built
2013
Price
$1,700,505 CAD
Price Per SF
$425.13 CAD
Cap Rate
4%
NOI
$68,020 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.26 AC
Zoning
GC - General
Parking
48 Spaces (10 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Dec 2037
McDonald's began in 1940 when Richard and Maurice McDonald opened a restaurant in California. The modern corporation formed in 1955 when Ray Kroc joined as a franchise agent and later purchased the company. Today, it operates numerous locations worldwide through a franchise model. While primarily a fast food chain, McDonald's also generates income from owning many restaurant properties. The company has maintained its core menu while adapting to international markets. McDonald's remains one of the most recognizable brands in the global food service industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | Dec 2037 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-11.0-457-008 | Improvements Assessment | $261,026 CAD |
| Land Assessment | $154,452 CAD | Total Assessment | $415,477 CAD |
Property Taxes
Parcel Number
21-11.0-457-008
Land Assessment
$154,452 CAD
Improvements Assessment
$261,026 CAD
Total Assessment
$415,477 CAD
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McDonalds | 4300 Wabash Ave
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