Blaine Retail Pads #667492
The offering provides the opportunity to acquire a ground lease for a McDonald’s double drive thru located in Blaine, Washington, (“the Property”). McDonald’s is an investment-grade credit tenant (S&P: BBB+) and operates on a 20-year ground lease, with a grand opening in May 2023. Scheduled rent increases of five percent every five years, including at the start of all eight, five-year option periods, which increases the yield roughly 60 basis points over the primary term. McDonald’s sits on the hard corner of H Street and Grant Avenue, located just off Pacific Highway that connects to Interstate 5 and drives traffic to one of two Washington-Canadian border crossing stations in Blaine. The Property is situated on a 39,390-square-foot parcel and is one of five lots that comprise a newer, dev
Listing Courtesy of: CPX LLC – Sean Mack (#23875)
Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.