2150 Highway 6Alvin, TX 77511

For Sale
$3,285,714

High-yield McDonald's NNN lease in Texas.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a brand-new, 20-year absolute NNN ground lease for a McDonald's restaurant located at 2150 E Hwy 6, Alvin, Texas 77511, in Brazoria County. The 4,200 square foot Class A property boasts a strong location across from a Home Depot on busy Highway 6, within a rapidly growing area of Alvin (near Houston). Benefiting from a corporate guarantee and a credit-rated tenant, this single-tenant property offers a 3.50% cap rate with a substantial net operating income (NOI) of $115,000. The lease commenced November 1, 2024, and extends to November 1, 2044, featuring 10% rent bumps every five years. The asking price is $3,285,714, translating to $782.31 per square foot. This property is ideally suited for a 1031 exchange, offering a secure and lucrative investment with a proven tenant and a prime location near other established businesses including 7-Eleven, Chick-fil-A, and Panda Express. The property's proximity to a recently relocated Walmart further enhances its desirability and potential for continued growth. The ground lease also expires November 1, 2044. 100% occupancy is guaranteed from the lease commencement date.

Highlights

  • Brand new, 20-year NNN McDonald's ground lease with 5-year, 10% rent increases.
  • High-traffic location across from Home Depot on Highway 6 in rapidly growing Alvin (Houston MSA).
  • Relocation from nearby Walmart; strong existing brand recognition.
  • Excellent co-tenancy with 7-Eleven, Chick-fil-A, and Panda Express.
  • Below-market ground rent.
  • Ideal for a 1031 exchange.

Property Details for 2150 Highway 6

Property type
Other retail properties, Restaurants
Square Feet
4,200 SF
Class
A

Location Insight

City
Alvin
County
Brazoria
State
Texas
Latitude
29.4197804
Longitude
-95.2214336
2150 Highway 6, Alvin, Texas

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2150 Highway 6
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