3494 Kildaire Farm RdCary, NC 27518
McDonald's Ground Lease
Asset ClassRetail
Overview
- Absolute NNN Ground Lease with 13.5+ Years Remaining – Stable Cash Flow Asset – Zero Landlord Responsibilities – Sixteen (5-Year) Options to Renew
- 5% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods Provide a Hedge Against Inflation and Increase the Return Over the Hold Period
- Corporately Guaranteed Lease by McDonald’s Corporation – McDonald’s is a Best in Class, Leading Fast-Food Tenant Founded in 1940 That Operates More Than 45,000 Locations Worldwide & Generated More Than $26.9 Billion in Total Revenue in 2025
- Densely Populated Location with Excellent Demographics – Over 135,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $181,000 Annually
- Tremendous Recent Growth – More Than 23% Population Growth in a 5-Mile Radius Since the 2010 Census
- High Traffic Location with Excellent Visibility at a Signalized Intersection – Over 24,000 Vehicles Per Day on Kildaire Farm Road and Over 22,000 Vehicles Per Day on Ten-Ten Road
- Successful Operating History with Over 24 Years at This Site and Recent Early Lease Extension Shows Tenant’s Commitment to the Location
- Strategically Positioned as an Outparcel to a Mixed-Use Center with a Newly Renovated Publix Grocery Store – Publix Invested Over $5 Million in Store Renovations in 2016
- Located Within the Same Center as Wake Technical Community College Western Campus Which Has 2,380 Students Enrolled
- Within 1.5 Miles of Oak Grove Elementary and Penny Road Elementary with a Combined Enrollment Exceeding 1,000 Students
- Situated 2 Miles from Pinnacle Park, Apex’s Largest Industrial Park with Over 2.9 Million Square Feet of Existing Space at 100% Occupancy Level and the Ability to Exceed 6 Million Square Feet at Full Buildout
- Approximately 3.4-Miles from the 237-Bed WakeMed Cary Hospital with Over $1.73 Billion in Total Patient Revenue in 2025 and a Staff of More Than 1,800 Healthcare Professionals
- Extremely High Daytime Population with More Than 58,000 Employees within a 5-Mile Radius of the Property
- Tremendous Multifamily Density with Over 23,000 Apartment Units Within a 7-Mile Radius of the Property
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3494 Kildaire Farm RdCary, NC 27518
Sales Team
Listing provided by LightBox Revere