
Tenant Description |
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The Home Depot is a home improvement retailer offering a wide assortment of building materials, home improvement supplies, lawn & garden products, as well as numerous services catering to do-it-yourself customers. As of Jul 29, 2018, the company operated 2,286 stores in all 50 states, the District of Columbia, Puerto Rico, US Virgin Islands, Guam, 10 Canadian provinces and Mexico, as well as homedepot.com, homedecorators.com, redbeacon.com and blinds.com. As of Jul 29, 2018, Home Depot operated 2,286 stores including 1,981 stores in all 50 states, the District of Columbia, Puerto Rico, US Virgin Islands and Guam, 182 stores in 10 Canadian provinces and 123 stores Mexico. In fiscal 2017, the company opened 3 new stores in the US and 3 new stores in Mexico. The company opened new stores in Stamford, CT and Mexico during the first half of fiscal 2018. During fiscal 2018, the company expects to open 3 new stores. At fiscal year-end, approximately 90% of stores were owned (including ground leases) consisting of 213.7 million square feet, and approximately 10% of stores were leased consisting of 23.7 million square feet. Stores average approximately 104,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area.
Real Estate Summary
Under Construction.
and "Amazon proof" | |
Development Criteria Highlights
- 50,000 +/- square feet of Land
- Corner or corner wrap w/signage on two major streets.
- Signalized intersection.
- Ability to build up to 4,000 sq. ft.
- Parking to meet all applicable codes.
- Ability to build to a minimum height of 23’4″.

Average Cap Rate | |
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(Source: CoStar & proprietary comp data - updated quarterly) |
Credit Rating | |
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Company Snapshot | |
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Company Name | McDonalds Corp. |
Ownership Type | Public |
Stock Symbol | |
Headquarters | Oak Brook, IL |
Locations Worldwide | 37,000+ |
Locations in the U.S. | 14,000+ |
Website |
Average Property & Lease | |
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Sales Price | $1,721,828 |
Annual Base Rent | $73,148 |
Annual Rent PSF | $15.89 |
Building SF | 4,603 |
Price PSF | $374 |
Lot Size | 1.15 Acres |
Ownership Interest | Fee Simple Land |
Lease Structure | Absolute NNN |
Lease Term | 20 Years |
Escalations | 10% Every 5 Years |
Guarantor | McDonald's Corp. |
(Source: CoStar & proprietary comp data - updated quarterly) |