For Sale
$1,669,789

2 Thigpen Ave Lakeland, GA 31635

High-return McDonald's NNN lease. Strong tenant, great location.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a fee-simple, single-tenant, Class A McDonald's restaurant located at 2 W Thigpen Ave, Lakeland, GA 31635. The property boasts 2,821 square feet on a 0.77-acre lot, built in 2012 and renovated in 2020. The 15-year lease, commencing April 30, 2012, and expiring April 29, 2027, has approximately 2.4 years remaining. The lease features a corporate guarantee from McDonald's (NYSE: MCD), providing significant investor security. The current annual net operating income (NOI) is $79,315, resulting in a 4.75% cap rate and a price per square foot of $591.91. The asking price is $1,669,789. The property benefits from a prime location on a busy retail corridor, with high daily traffic volume, and proximity to schools and a hospital. The lease includes 8% rent bumps every five years, offering inflation protection. There are 22 parking spaces available. The property is surrounded by other national retailers, including AutoZone, NAPA Auto Parts, Piggly Wiggly, Dollar General, Huddle House, Exxon, Marathon Gas, and Subway. This is a rare opportunity to acquire a well-performing McDonald's in a strong market with limited competition. The lease includes seven, five-year options. The property is a double net lease with landlord responsibilities limited to roof and structure.

Highlights

  • NN McDonald's; minimal landlord responsibilities (roof & structure).
  • 2-year lease remaining; 8% rent increases every 5 years.
  • Limited QSR competition; only three nationally recognized restaurants in Lakeland.
  • Near Lanier County schools (1,250 students) and SGMC Hospital (25 beds).
  • Strong retail location near AutoZone, NAPA, Piggly Wiggly, and more.
  • Corporate guarantee by McDonald's (NYSE: MCD), S&P rating BBB+.

Property Details for 2 Thigpen Ave

Property type
Retail properties
Square Feet
2,821 SF
Class
A
Year Built/Renovated
2012/2020
Buildings
1
Stories
1
Lot Size (sq. ft)
33,541 SF
Units
1

Location Insight

City
Lakeland
County
Lanier
State
Georgia
Latitude
31.0411861
Longitude
-83.0771997

FAQs

What type of property is this?
Retail property - High-return McDonald's NNN lease. Strong tenant, great location.
Where is the retail property located?
The property is located at 2 Thigpen Ave Lakeland, GA.
What is the asking price?
The asking price for this property is $1,669,789.
What are key features of this property?
This property features: NN McDonald's; minimal landlord responsibilities (roof & structure).; 2-year lease remaining; 8% rent increases every 5 years.; Limited QSR competition; only three nationally recognized restaurants in Lakeland.
How can I contact the broker?
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2 Thigpen Ave
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