Faris Lee Investments is pleased to present a rare opportunity to acquire the leased-fee interest (Land Ownership) in a brand-new McDonald’s drive-thru in North Salt Lake, Utah. The offering is secured by a 20-year corporate ground lease with McDonald’s USA, LLC and features six additional five-year renewal options, providing up to 50 years of potential occupancy. McDonald’s is the world’s leading foodservice brand, operating more than 45,350 restaurants across 100+ countries and carrying an investment-grade S&P credit rating of BBB+. The Absolute NNN ground lease places responsibility for real estate taxes, insurance, utilities, operations, roof & structure and property maintenance entirely on McDonald’s, creating a passive investment with minimal landlord obligations. Additionally, 10% rental increases every five years throughout the primary term grow annual NOI from $120,000 to $159,720 by 2041.
Scheduled for completion in December 2026, the approximately 4,515-square-foot restaurant will feature McDonald’s modern drive-thru design on a prominent ±1.54-acre corner parcel at Redwood Road and 1100 North/2600 South. The site benefits from outstanding visibility, 61 parking spaces, and two convenient access points from Redwood Road and 1100 North. Approximately 33,000 vehicles per day travel along the intersection’s primary roadways, while nearby Interstate 15 carries approximately 256,100 vehicles per day and provides exceptional connectivity to Downtown Salt Lake City and Salt Lake City International Airport. The surrounding corridor features a strong mix of national retailers, restaurants, automotive businesses, industrial facilities, and residential neighborhoods, with nearby demand generators including Smith’s, Walgreens, Flying J, Maverik, Ford, Woods Cross High School, and Skypark Airport.
The offering is further strengthened by compelling demographics within the rapidly expanding North Salt Lake gateway to the greater Salt Lake City metropolitan area. More than 107,900 residents and 35,200 households live within five miles, supported by an impressive average household income exceeding $140,600. The five-mile trade area also includes approximately 43,100 employees and 3,800 businesses, creating a robust base of residential, employment, and commuter demand. Combining investment-grade corporate credit, long-term contractual income growth, minimal operational responsibilities, and valuable underlying land, this McDonald’s ground lease represents an exceptional opportunity to secure a premier passive investment in one of the Salt Lake City region’s most strategically connected trade corridors.
Jeff Conover
Faris Lee Investments
