The subject property is located on Route 24 (John J. Williams Highway), which is a local artery connecting Route 1 (The Rehoboth Beach area) to the town of Millsboro. This two-lane road has a significant volume of local traffic into the surrounding sub-divisions in Long Neck. This asset is positioned in the center of a developing retail hub as it is equidistant to Millsboro and the Rehoboth area, as well as serves residents in a two-mile to three-mile trade radius that do not want to drive to Rehoboth or the town of Millsboro. There is exponential residential growth in the market. Immediately diagonal to the property is a new residential sub-division. Bayshore Plaza has shared access with a new apartment complex, as well as two sub-divisions of single family homes bordering the other boundaries of the shopping center. Less than one-half mile south of the subject is a Harris Teeter anchored shopping center with Walgreens (operating as Happy Harry's) on the outparcel. As an indication of demand in the market, the Harris Teeter center is building additional inline space. To the north, an older Food Lion occupies an older shopping center. All of the competing retail centers in the market are fully occupied. Millsboro is located in southern Delaware, minutes from the coastal beach resorts areas of Ocean City, Maryland and Rehoboth Beach, Delaware. Over the last decade, this region has boomed with housing growth as the area residents are moving here for year-round living, not just vacationing. Families and retirees are attracted to the region for its pace of life and affordability. Growth in the region has precipitated from the coastline inland. There are numerous new residential subdivisions in the immediate one-mile and three-mile radius, with many additional sub-divisions are planned, almost unfazed by the housing

Marcus & Millichap is pleased to present this new McDonald's [Ground Lease]. This McDonald's location is an outparcel of a newly developed Super Giant anchored shopping center and a new multi-family residential project. The site is surrounded by a wealth of new residential developments and the greater Bayshore Shopping Center complex has become the epicenter of this coastal community. McDonald's USA, LLC has executed a new 20 year NNN ground lease with structured 10 percent rent increases every five years that commenced May 2007. The building, constructed at the tenant's sole cost and expense, is its newest prototype with a courtyard area, coffee bar and wireless Internet. The pad site is a large 1.23-acres of land that has cross easements with the neighboring Super Giant anchored shopping center as well as the new apartment community to the immediate rear. McDonald's current, senior, unsecuritized credit rating by Standard & Poor's is A, with a stable outlook. This property is an ideal investment for a 1031 exchange buyer as it offers a unique investment with structured rent increases and excellent retail fundamentals with an investment grade credit tenant.

Contact Listing Agent for Full Offering Memorandum.