New McDonald's Generic Photo
TUCSON, ARIZONA (May 30, 2025) – The McDonald’s property at 6105 E Broadway Blvd in Tucson is undergoing a complete redevelopment following its recent sale to a California-based investor for $3,675,000 ($864 PSF). The transaction, which closed on May 23, 2025, reflects ongoing investor confidence in single-tenant net-leased (STNL) assets backed by national credit tenants.
The site is subject to an absolute NNN ground lease with McDonald’s Corporation (NYSE: MCD), featuring a new 20-year lease term with 10% rent increases every five years and multiple renewal options. Based on the reported sale price and the first-year net operating income, the transaction is estimated to reflect a cap rate of approximately 4.00%, consistent with recent comps in high-traffic urban corridors.
The buyer and seller are both based in California.
The existing building, originally constructed in 1984, was demolished in January to make way for a 4,252-square-foot, state-of-the-art McDonald’s restaurant being developed by Dias Management Inc., a local franchisee that operates 23 McDonald’s locations across the Tucson metro, employing over 1,400 team members. This marks the fifth McDonald’s location the group has redeveloped in Tucson in recent years.
Situated at the intersection of Broadway Boulevard and Wilmot Road, the property offers exceptional visibility and access, with traffic counts exceeding 81,000 vehicles per day and proximity to Park Place Mall, which draws over 6.2 million visitors annually. The surrounding area supports a dense population base of over 266,000 people within a five-mile radius.
The new store will feature modern design upgrades, a dual-lane drive-thru, and sustainability improvements, consistent with McDonald’s current prototype standards. Construction is currently underway, with the foundation already in place, and reopening is anticipated before the end of the year.
Source: RED Comps #11920