Every now and then you come across a downtown location for sale with a major fast-food restaurant like Mc Donalds and you have to wonder why anyone would even consider selling it. The bottom line is that ALL properties come up for sale at some point, even the ones you think would never change hands. In this case, there must be something compelling the ownership to sell this property and you can always call the agent and simply ask what the motivating factor is for this sale. Death, Divorce, Debts, are the three D’s but there are also Tax issues that prop up and forces peoples to sell their prime assets like this Mc Donald’s in downtown Philly. https://www.mcdonalds.com
I would grade this deal an “A” to A- only because these low cap rates are unsettling to me but in this case, there are healthy annual increases, as well as potential building depreciation, as this is not a ground lease. https://www.irs.gov
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