2150 E Hwy 6, Alvin, TX 77511

Listing agent Royce Marek License #TX 468974

Listing office Internet Property.Com Inc

Listing date Jul 24, 2024

Source Crexi

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

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.