McDonald’s
- Absolute 20 year NNN Ground Lease with zero landlord responsibilities commencing January 10, 2015
- McDonald’s breaking ground and beginning development of building the first week of December with building proposed to be completed by first week of January
- Long term 20 year initial lease with 8 – 5 year options following
- Lease calls for a 10% rental increase at year 11, and 10% rental increases at the start of each option period
- McDonald’s corporate lease with an investment grade Standard and Poor’s credit rating of ‘A’
- Below market rent for a new corporate McDonald’s ground lease – rent commencing at $72,000 annually
