PROPERTY HIGHLIGHTS

A McDonald’s corporate and Rusk Dental, Two Tenant NNN Leased Investment Opportunity

LOCATION

516 N Dickinson Street, at the intersection of Highway 69 and Castner Street in Rusk, Texas 75785

PURCHASE PRICE

Call for Pricing

CAP RATE

Contact Broker

ANNUAL RENT

McDonald’s:  $82,500 (Year 11-20 begins on 8/1/2021)
Rusk Dental:  $14,875
Total:   $97,375

BUILDING SIZE

+/- 5,050 SF with drive-thru lane for McDonald’s restaurant

LAND PARCEL SIZE

+/- 1.311 Acres

LAND PARCEL SIZE

TENANT

McDonald’s USA, a Delaware limited liability company

LEASABLE AREA

Approximately 3,300 SF with in-door dining, drive thru, and outdoor patio areas

PRIMARY LEASE TERM

A ten (10) year primary lease term that commenced on August 1, 2011 and expires on July 31, 2021

ANNUAL RENT

Years 1-10: $75,000 NNN
Years 11-20: $82,500 NNN (10% increase)
Years 21-30: $90,750 NNN (10% increase)
Years 31-40: $99,825 NNN (10% increase)

The Primary Term shall be automatically extended for 3 successive option periods of 10 years each upon the same terms and conditions contained in this Lease. No notice or act, whatsoever, shall be required by Tenant to extend the term of this Lease. However, Tenant may elect to: i) terminate this Lease at the end of the Primary Term or any option period, or ii) exercise all or any part of the remaining options at the time of the notice, by sending written notice to Landlord; provided, to be effective, any such notice to terminate this Lease must be delivered to Landlord not more than 365 days and not less than 180 days prior to the expiration of the Primary Term or then current option period, whichever is applicable.

TENANT

Rusk Dental, PLLC

LEASABLE AREA

Approximately 1,700 SF

PRIMARY LEASE TERM

A five (5) year primary lease term that commenced on February 24, 2020 and expires on February 23,2025

ANNUAL RENT

$14,875 NNN

OPTIONS

First Renewal Option, Years 6-10 at Market Rate but not less than the Minimum Guaranteed Rental, for the prior Lease Term, plus Additional Rent. Second Renewal Option, Years 11-15 at Market Rate but not less than the Minimum Guaranteed Rental for the prior Lease Term plus Additional Rent.

LANDLORD OBLIGATIONS

Landlord is obligated to pay property taxes, insurance and maintain the exterior of the building as well as the Common Areas of the shopping center subject to monthly CAM reimbursements from each of the two tenants.

TENANT OBLIGATIONS

Each tenant shall pay monthly their proportionate share of the expense of property taxes, insurance, and allowable CAM. Landlord may hire a third party property manager and include their management fees in the CAM expenses so that the property can be a passive NNN investment to the new owners