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.

Transaction Information

  • Address:  22200 Sherman Way, Canoga Park, CA 91303
  • Sales Price: $4,120,000
  • Product Type: Single-Tenant NNN
  • Close Date: November 9th, 2016
  • Exclusively Represented: Seller
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