McDonald's NNN Properties for Sale (12 Listings)

What lease does a McDonald's NNN listing use?

Most McDonald's deals are ground leases. You own the land. McDonald's, or its franchisee with the company on the lease, builds and owns the restaurant. Taxes, insurance, and every repair sit with the tenant, which is why the flyer says absolute net or NNN even when the deed you receive is land only. At the end of the full term, often a 20-year base plus a long option chain, the building typically reverts to the landowner.

A listing marked absolute NNN without the words ground lease is a different asset: the price includes the building. Fee-simple deals show up less often, price a bit wider, and still need the same reading of who signed. The lease type on each card is the type stored for that listing. Use the NNN cap rate report when you want the same asking-cap math across tenants, and the cap rate calculator when you have one lease's income and a price in front of you.

Who guarantees a McDonald's lease, the corporation or a franchisee?

The guarantee buyers prize is McDonald's Corporation, rated Moody's Baa1 and S&P BBB+ as of Q3 2026. We re-check the agency levels on a deal before close. Global systemwide sales sit above $130 billion, and the U.S. store count is roughly 13,500. Unlike most quick-service brands, where a franchisee's operating company signs and the parent is only background, McDonald's typically stands on the real estate obligation even when a franchisee runs the store.

That is not every file. A lease the franchisee holds directly is a different credit, and published pricing for that gap has run about 75 to 150 basis points wider. The corporate name in the offering memorandum is not enough. Read the signature block, and treat a missing guarantor on a listing as a question, not as a corporate guarantee.

What term and rent bumps are typical?

The standard corporate package is a 20-year primary term, several 5-year options, and increases that cluster at 10% every five years. Older paper can run flat for years. Newer paper sometimes uses smaller, more frequent bumps. Two leases at the same asking cap can diverge once you schedule the bumps, which is why the headline cap is the start of the model and not the model.

Years remaining on the primary term are what the asking-cap bands on this page use. An unexercised option is not term yet. The lease expiry calculator counts the months left from a start date if you have the lease in hand. The how to buy a net lease property guide walks the file from offer through estoppel.

What moves the asking cap, if the credit is the same?

Term remaining moves price first. A long primary term and a store inside its last few years are not the same product, even with the same logo on the building. Location moves it next. The chain's corner discipline means a weak McDonald's site is still a real corner, and a flagship pad still commands a premium over a rural relocation candidate. Escalation timing, the reversion of the building, and whether the store was just rebuilt to the current prototype fill out the rest.

The median and the range printed above this section are the active listings on this page, dated to the newest listing in that set. Do not line those asking caps up against a typed "typical" band. If the income in the flyer does not match the lease, rebuild it before you trust the yield.

How does McDonald's compare with other QSR net lease?

Chick-fil-A is the natural comp: similar corners and similarly tight pricing, with higher average unit volumes and a private guarantee rather than a rated public parent. Taco Bell is mostly large-franchisee paper and trades wider for that reason. Burger King shows the same building type with a weaker guarantee, and the spread is what the market charges for credit. Buyers who want the whole drive-thru set, not one logo, start at QSR NNN properties for sale.

The state table on this page is calculated from the same active listings and links to each state's NNN page, including Texas, Florida, and California, when that state has a page. Those state pages cover every tenant, not a McDonald's-only market.