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| McDonald’s (Ground Lease) |
989 E. Liberty, York, South Carolina
Purchase Price: $700,000
• Twenty (20) Years
• Absolute Net Ground Lease (No Landlord Responsabilities)
• Four (4) x 5-year options
• 10% fixed rate rental increases every 5 years
Land Area: ± 1.74, Building Area: ± 4,116 SF
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Willis Ventures is excited to announce that our brokerage has closed escrow on a McDonald's in York, South Carolina. The property sold for $700,000 with a 5.00% capitalization rate.
McDonald’s Corporation (NYSE: MCD) is the world’s largest chain of fast-food restaurants, primarily selling hamburgers, chicken, french fries, milkshakes and soft drinks. More recently, it also offers salads, fruit, snack wraps, and carrot sticks. The business began in 1940, with a restaurant opened by siblings Dick and Mac McDonald in San Bernardino, California. Their introduction of the “Speedee Service System” in 1948 established the principles of the modern fast-food restaurant. The present corporation dates its founding to the opening of a franchised restaurant by Ray Kroc, in Des Plaines, Illinois on April 15, 1955, the ninth McDonald’s restaurant overall. Kroc later purchased the McDonald brothers’ equity in the company and led its worldwide expansion.
With the successful expansion of McDonald’s into many international markets, the company has become a symbol of globalization and the spread of the American way of life. Its prominence has also made it a frequent subject of public debates about obesity, corporate ethics and consumer responsibility.
The subject property is located in York, South Carolina. York is a historic community that is situated 48 minutes (34.8 miles) southwest of Charlotte, North Carolina. Some of the national tenants in the area include: Dollar General, Wal-Mart Super Center, Eckerd, Lowe’s, Dollar Tree, Radio Shack, Subway, Wendy’s, Sonic, Domino’s, Hardee’s, Burger King, KFC, and Days Inn.
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