McDonald’s

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MCDONALD’S
1751 Madison Ave., Council Bluffs, IA 51503

PRICE $766,729
GLA 5,000 SF
PROPERTY TYPE Single Tenant Retail
CAP RATE 5.25%
LEASE TYPE NNN
LEASE EXPIRATION Dec. 2019
YEAR BUILT 1988
Downloads
OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
(516) 773-0080
DEMOGRAPHICS
Total Population
1 – mi. – 3,319
3 – mi. – 47,246
5 – mi. – 75,013
More info in the flyer

INVESTMENT HIGHLIGHTS

  • A 5,000 SF McDonald’s ground lease. The tenant has been at this location for over 23 years.
  • McDonald’s serves as a pad site to the Mall of the Bluffs and a grocery (Hy-Vee) anchored shopping center who reportedly done $570 psf in sales last year.
  • McDonald’s has been at the location since 1988 had has recently executed a 5 year option and has 2 – 5 year options remaining.
  • Tremendous value add opportunity – McDonald’s rent is significantly below market at $7.32 psf (market rents are $15 – $25 psf).
  • The daily shoppers that visit the Mall and the Shopping Center for their daily needs provide a constant customer flow within the Single Tenant Corridor.
  • Near Iowa Western Community College with over 4,600 students and over 1,100 on-campus residents and The Lewis Central Community School District with over 3,000 students enrolled.
  • Conveniently located on I-80, with 60,000 vehicles passing per day.
  • McDonald’s has presented interest in purchasing this pad site.

City:Council Bluffs
State:IA
Square Feet:5,000 SF
Price:$1,007,925
Cap Rate:4.0%

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