2150 E Hwy 6 Alvin, TX 77511
New 2024 McDonald's ground lease in Alvin, Texas.
Type:Retail
Property size:
4,200 SFPrice / SF:
$782/SF- Added:
- Jul 24, 2024
- Days on Market:
- 640
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 2150 E Hwy 6
General Information
- Standard status
- Active
- Size
- 4,200 SF
- Property subtype
- Retail
Listing agent Royce Marek License #TX 468974
Listing office Internet Property.Com Inc
Listing date Jul 24, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Internet Property.Com Inc
Overview
New McDonald's Ground Lease
This property features a brand new McDonald's ground lease with a 20-year term and 10% rent increases every five years. The property is located across from Home Depot on a busy section of Highway 6 in Alvin, Texas, a growing area near Houston. It represents a relocation from a Walmart location around the corner and is situated next to a 7-Eleven, Chick-fil-A, and Panda Express. The ground rent is considered low for the area. The new, high-quality construction, completed in 2024, adheres to McDonald's latest prototype and includes a dedicated drive-thru. As an absolute NNN lease, it requires no landlord management, making it suitable for a passive investor. McDonald’s is an investment-grade tenant, with a “BBB+” credit rating from Standard & Poor’s and a “Baa1” credit rating from Moody’s. The property is approximately 4,200 square feet.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Alvin
- County
- Brazoria
- State
- Texas
- Longitude
- -95.2684683
- Latitude
- 29.4377743
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FAQs
What type of property is this?
Drive through restaurant - New 2024 McDonald's ground lease in Alvin, Texas.
Where is this drive through restaurant located?
The property is located at 2150 E Hwy 6 Alvin, TX.
What is the asking price?
The asking price for this property is $3,285,714.
What are key features of this property?
This property features: Brand new 20‑year NNN McDonald's ground lease with 10% rent increases every five years.; Investment grade tenant: McDonald's has a "BBB+" credit rating from Standard & Poor's and a "Baa1" credit rating from Moody's.; Absolute NNN lease requires no landlord management, ideal for passive income.
