NET LEASED INVESTMENT OFFERING
Subject Property
Representative Rendering
McDonald’s (Ground Lease)
5739 West Silver Spring Drive
Milwaukee, WI 53218
Randy Blankstein |President
847.562.0003
[email protected]
Jimmy Goodman |Partner
847.562.8500
[email protected]
www.bouldergroup.com
CONFIDENTIALITY & DISCLAIMER
CONFIDENTIALITY & DISCLAIMER
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity
without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary, unverified
information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information
contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not made any investigation,
and makes no warranty or representation. The information contained in this Offering Memorandum has been obtained from
sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify, any of the information contained
herein, nor has The Boulder Group conducted any investigation regarding these matters and makes no warranty or representation
whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate
measures to verify all of the information set forth herein.
Randy Blankstein |President
847.562.0003
[email protected]
Jimmy Goodman |Partner
847.562.8500
[email protected]
www.bouldergroup.com
MCDONALD’S (GROUND LEASE) - MILWAUKEE, WI
NET LEASE OPPORTUNITY
Subject Property
MCDONALD’S (GROUND LEASE) - MILWAUKEE, WI
5739 West Silver Spring Drive, Milwaukee, WI 53218
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant McDonald’s ground lease located in Milwaukee. The McDonald’s is
located within a densely populated area with limited restaurant options. This McDonald’s restaurant operates as a 24 location and has successfully
operated at this property since 2001. There are over seven years remaining on the McDonald’s ground lease which features a 10% rental escalation
in the primary term and in each renewal option period. There are absolutely no landlord responsibilities.
The 44,713 square foot McDonald’s property is strategically positioned just off of the heavily trafficked signalized intersection of West Silver
Spring Drive and North 60th Street. This intersection experiences traffic counts in excess of 40,000 vehicles per day. West Silver Spring Drive is a
primary east-west thoroughfare in the trade area. The immediate area features limited restaurant and dining options which contributes to the strength
of this McDonald’s location. The property is located in a densely concentrated infill area with high barriers to entry. The surrounding area is densely
populated with approximately 20,000 people living within a one mile radius of the property. Furthermore, there are over 146,000 people living
within a three mile radius of the property. The McDonald’s property is located across 60th Street from the Westlawn Gardens apartment and
housing complex which is currently undergoing a massive redevelopment that will feature 706 new apartments and houses.
McDonald’s has over seven years remaining on their ground lease which expires January 31, 2023. The lease features 10% rental escalations every
five years and no landlord responsibilities. This McDonald’s is a 24 hour location with drive thru. McDonald’s is an investment grade rated tenant
(S&P: A-) and is publicly traded (NYSE: MCD) with a market capitalization in excess of $106 billion.
Randy Blankstein |President
847.562.0003
[email protected]
Jimmy Goodman |Partner
847.562.8500
[email protected]
www.bouldergroup.com
MCDONALD’S (GROUND LEASE) - MILWAUKEE, WI
NET LEASE OPPORTUNITY
Subject Property
Representative Rendering
Escalation Date
PROPERTY OVERVIEW
Price:
$871,000
Rent Commencement:
October 15, 2001
Cap Rate:
5.00%
Lease Expiration:
January 31, 2023
Lease Type:
Ground Lease
Rent Schedule:
Building Size:
2,500 SF
Site Size:
44,713 SF
$43,560
$47,916
$52,704
$57,984
$63,780
$70,152
Year Built:
2001
Randy Blankstein |President
847.562.0003
[email protected]
2/1/2018
2/1/2023 (Option 1)
2/1/2028 (Option 2)
2/1/2033 (Option 3)
2/1/2038 (Option 4)
Renewal Options:
Four 5-Year Remaining
Landlord Obligations:
None
Jimmy Goodman |Partner
847.562.8500
[email protected]
www.bouldergroup.com
MCDONALD’S (GROUND LEASE) - MILWAUKEE, WI
NET LEASE OPPORTUNITY
PROPERTY HIGHLIGHTS
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Located within the Milwaukee MSA
Investment grade rated tenant (S&P: A -)
10% rental escalation in the primary term and in each
renewal option period (next escalation in February 2018)
No landlord responsibilities
24 hour location
Positioned across the street from the Westlawn Gardens
apartment and housing complex which is undergoing a
massive redevelopment that will feature 700+ apartments
and homes
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Densely populated area with approximately 20,000 people
living within a one mile radius of the property
Positioned just off the heavily trafficked signalized intersection
of West Silver Spring Drive and North 60th Street which
experiences traffic counts in excess of 40,000 vehicles per day
Limited competition in the immediate area
Long and successful operating history at this location (since
2001)
DEMOGRAPHICS
Population:
Total Households
Avg. Household Income:
1-MILE
3-MILE
5-MILE
19,574
6,836
$38,654
146,986
55,175
$44,043
350,718
134,555
$55,163
Randy Blankstein |President
847.562.0003
[email protected]
Jimmy Goodman |Partner
847.562.8500
[email protected]
www.bouldergroup.com
MCDONALD’S (GROUND LEASE) - MILWAUKEE, WI
NET LEASE OPPORTUNITY
Aerial
Randy Blankstein |President
847.562.0003
[email protected]
Jimmy Goodman |Partner
847.562.8500
[email protected]
www.bouldergroup.com
MCDONALD’S (GROUND LEASE) - MILWAUKEE, WI
NET LEASE OPPORTUNITY
Site Plan
Randy Blankstein |President
847.562.0003
[email protected]
Jimmy Goodman |Partner
847.562.8500
[email protected]
www.bouldergroup.com
MCDONALD’S (GROUND LEASE) - MILWAUKEE, WI
NET LEASE OPPORTUNITY
Photos
Randy Blankstein |President
847.562.0003
[email protected]
Jimmy Goodman |Partner
847.562.8500
[email protected]
www.bouldergroup.com
MCDONALD’S (GROUND LEASE) - MILWAUKEE, WI
NET LEASE OPPORTUNITY
TENANT OVERVIEW
McDonald's Corporation operates and franchises McDonald's restaurants in the United States, Europe,
the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company's restaurants offer
various food products, soft drinks, coffee, and other beverages. As of December 31, 2014, it operated
36,258 restaurants, including 29,544 franchised restaurants comprising 20,774 franchised to
conventional franchisees, 5,228 licensed to developmental licensees, and 3,542 licensed to foreign
affiliates; and 6,714 company-operated restaurants. The company was founded in 1940 and is based in
Oak Brook, Illinois.
McDonald's primarily sells hamburgers, cheeseburgers, chicken, french fries, breakfast items, soft
drinks, milkshakes, and desserts. In response to changing consumer tastes, the company has expanded
its menu to include salads, fish, wraps, smoothies, fruit, and seasoned fries.
McDonald’s Corporation is publicly traded on the New York Stock Exchange (MCD) with a market
capitalization in excess of $106 billion. McDonald’s Corporation is an investment grade rated
company with a Standard & Poor’s rating of A-.
Randy Blankstein |President
847.562.0003
[email protected]
Website:
www.mcdonalds.com
Number of Locations:
36,528
Stock Symbol:
MCD : NYSE
Market Capitalization:
$106 billion
Credit Rating:
Investment Grade (S&P: A-)
Headquarters:
Oak Brook, IL
Jimmy Goodman |Partner
847.562.8500
[email protected]
www.bouldergroup.com
MCDONALD’S (GROUND LEASE) - MILWAUKEE, WI
NET LEASE OPPORTUNITY
LOCATION OVERVIEW
Milwaukee is the largest city in Wisconsin and the 28th most populous city in the United States.
Milwaukee is located on the southwestern shore of Lake Michigan. According to the 2010 U.S.
Census, the City of Milwaukee had a population of 594,833 and the Milwaukee MSA had a population
n of 1,751,316.
Milwaukee and its suburbs are the home to the international headquarters of 13 Fortune 1000
companies, including Johnson Controls, Northwestern Mutual, Manpower Inc., Jefferson Wells,
Kohl's, Harley-Davidson, Rockwell Automation, Fiserv, Inc., Hal Leonard, Wisconsin Energy, Briggs
& Stratton, Joy Global, Bucyrus International, A.O. Smith, GE Healthcare Diagnostic Imaging and
Clinical Systems and MGIC Investments. The Milwaukee metropolitan area ranks fifth in the United
States in terms of the number of Fortune 500 company headquarters as a share of the population.
http://city.milwaukee.gov
Randy Blankstein |President
847.562.0003
[email protected]
Jimmy Goodman |Partner
847.562.8500
[email protected]
www.bouldergroup.com