5236 Providence RdVirginia Beach, VA 23464
McDonald's | Virginia Beach, VA | Recently Renovated
McDonald's | Virginia Beach, VA | Recently Renovated
Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of McDonald’s | Virginia Beach, VA. The Premises has been leased to McDonald’s since 2001, and McDonald’s has recently exercised a 5 year renewal option, with three (3) - five (5) year options remaining. The asset is well positioned directly off of Providence Rd and located in a major retail hub in Virginia Beach, VA.
Investment Highlights
Corporate Guarantee from Strong Credit Tenant
- McDonald’s has over 36K locations worldwide
- S&P Credit rating of BBB+ and has a market capitalization of $216B (NYSE: MCD)
- Over $23B 2022 revenue
Attractive Lease Fundamentals
- Low Rent Abs. NNN- Ground Lease
- Three (3) - five (5) year options
- 10% rental increases in each option
- No LL responsibilities
Long Operating History
- McDonald’s has been operating at this location for over 20 years
- Recently extended the lease
- This location ranks in the top 60th percentile nationally
Strong Surrounding Demographics
- Over 322k people live within a 5-mile radius
- Average household income nearly $100k
- Nearly 500k residents live within a 15minute drive time
High Visibility in Major Retail Hub
- Situated at a the intersection of Kempsville Rd (32K VPD) & Providence Rd (24K VPD)
- Over 800k SF of retail located in 1-mile radius
- Fairfield Shopping Center has recently gone through $1.5M of capital improvements
- Nearby national tenant’s include: TJ Maxx, Kroger’s, Starbucks, Verizon, and Chase
Photo Gallery
5236 Providence RdVirginia Beach, VA 23464
Sales Team
Atlantic Capital Partners - Charlotte
Listing provided by Revere CRE