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McDonalds 4804 50th Ave 4,373 SF Retail Building Fort Nelson, BC V0C 1R0 $1,200,000 CAD ($274.41 CAD/SF) 5% Cap Rate
Investment Highlights
- Secured by McDonald's Restaurants of Canada Limited, the corporate operator backed by McDonald's Corporation (NYSE: MCD)
- As a ground lease, the Tenant owns the building and covers all taxes, insurance, utilities, and maintenance.
- Purpose-built dual lane drive-thru serving a full McDonald's restaurant operation, a core QSR profit driver that reinforces sales volume.
- 20-year primary term with rent escalations of approximately 8% every five years, plus 2 x 10-year renewal options.
- Positioned on 50th Avenue in Fort Nelson's primary commercial corridor, with strong visibility from the Alaska Highway (Highway 97).
- The approximately 4,373 SF restaurant and all site improvements were built and are owned by the Tenant at its sole cost.
Executive Summary
Marcus & Millichap has been exclusively retained by the Vendor to offer for sale the 100% freehold interest in 4804 - 50th Avenue N, Fort Nelson, British Columbia (the "Subject Property") - a rare opportunity to acquire a single-tenant, absolute-net ground lease leased to McDonald's Restaurants of Canada Limited (“McDonald's”). McDonald's-leased investment properties are seldom brought to market in Western Canada, and rarer still in British Columbia, making this an exceptional acquisition for investors seeking exposure to one of the world's most recognized corporate covenants.
The lease features contractual rental escalations through the current term running to 2043, backed by two additional ten-year renewal options, offering investors a long-duration, guaranteed income stream with effectively no landlord obligations. McDonald's demonstrated its long-term commitment to the site with a multi-milliondollar investment in an entirely new, purpose-built restaurant constructed in 2023, including a dual lane drive-thru configuration - with nearly all improvements funded solely by McDonald's corporate. This scal e of capital investment underscores McDonald's confidence in the Fort Nelson trade area and its intention to operate at this location well into the future.
Positioned on 50th Avenue N with direct visibility from the Alaska Highway - Fort Nelson's primary commercial corridor and the principal service hub for the entire Northern Rockies region - the Subject Property offers investors a secure, low-maintenance asset leased to a dominant national tenant deeply invested in the marketplace.
The lease features contractual rental escalations through the current term running to 2043, backed by two additional ten-year renewal options, offering investors a long-duration, guaranteed income stream with effectively no landlord obligations. McDonald's demonstrated its long-term commitment to the site with a multi-milliondollar investment in an entirely new, purpose-built restaurant constructed in 2023, including a dual lane drive-thru configuration - with nearly all improvements funded solely by McDonald's corporate. This scal e of capital investment underscores McDonald's confidence in the Fort Nelson trade area and its intention to operate at this location well into the future.
Positioned on 50th Avenue N with direct visibility from the Alaska Highway - Fort Nelson's primary commercial corridor and the principal service hub for the entire Northern Rockies region - the Subject Property offers investors a secure, low-maintenance asset leased to a dominant national tenant deeply invested in the marketplace.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,373 SF
Building Class
C
Year Built
2023
Price
$1,200,000 CAD
Price Per SF
$274.41 CAD
Cap Rate
5%
NOI
$60,000 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.12 AC
Zoning
C6
Parking
40 Spaces (9.15 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 3
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McDonalds | 4804 50th Ave
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