MCDONALD’S
22200 Sherman Way is a brand new, 20-year absolute NNN, McDonald’s ground lease with eight, five-year options. McDonald’s is located within a few blocks of Warner Center, less than a mile from the Westfield Topanga Shopping Center. The brand new 2016 construction McDonald’s is ideally located on a signalized corner with a 30 foot pole signage.
The McDonald’s offered an investor excellent investment grade credit. The subject property sold for a record-breaking cap rate of 3.28%, the lowest CAP rate ever recorded for a McDonald’s. It sold above list price by $120,000.
