Mcd's being sold with 20 year food and beverage sale exemption
Hello All - Mcdonalds has moved up the road to a new modern facility. They have left behind their old site. The issue is the exemption. Has anyone bought a former QSR with a similar exemption and repurposed it? What is a good repurposed use in 2022 for a former mcd's with a drive-thru? Building was built in 1984, store was about 4,000 SF and has about a 50,000 SF lot
[{"id": "hvh4m3a", "text": "It's tough, because it's likely the best and highest use is food at that location. Pretty much have ro gut the entire kitchen and everything. \n\nCan be anything because you have to redo the entire property. There was one here that closed, they just bulldozed the whole building and sold the lot.", "replies": [], "depth": 1}, {"id": "hvh5ztf", "text": "That stinks. I wonder how enforceable a clause like that is, seems unreasonable to me.", "replies": [{"id": "hvh6xvo", "text": "What I've heard is you can only get it removed forcing undue hardship on the public or its discriminatory and its basically impossible in this circumstance", "replies": [], "depth": 2}], "depth": 1}, {"id": "hvh84l1", "text": "Airbnb.", "replies": [{"id": "hvk281g", "text": "AirBnNoBreakfast", "replies": [], "depth": 2}], "depth": 1}, {"id": "hvh9ibz", "text": "Drive thru liquor", "replies": [], "depth": 1}, {"id": "hvhht9a", "text": "I just sold one as a drive-thru pharmacy, but I honestly thought it was going to go to a liquor store.", "replies": [], "depth": 1}, {"id": "hvhjasx", "text": "Covid testing. It\u2019s really hard to get around these restrictive covenants", "replies": [{"id": "hvi0ke9", "text": "Brilliant!  I hope this idea make you some money, it\u2019s a great idea!", "replies": [], "depth": 2}], "depth": 1}, {"id": "hvho46l", "text": "Weed, if your state allows. I\u2019ve seen them convert damn near anything into a dispensary - banks, gas stations, QSR, non-QSR, etc. It\u2019s such an incredible waste of typically well-located RE, imo, but they will seemingly retrofit anything.", "replies": [], "depth": 1}, {"id": "hvi0r5o", "text": "Is the restriction enforced via a deed restriction?  Super interesting- great post, thank you!  Does it exclude all food uses?", "replies": [{"id": "hvi0zeh", "text": "Yes it will be deeded with that restriction", "replies": [{"id": "hvi15g5", "text": "Damnnnnn , is there usually a 10-15 yr sunset on that?", "replies": [{"id": "hviyf5f", "text": "Twenty. No food or grocery of any kind.", "replies": [{"id": "hvl7wbd", "text": "Makes sense!  Interesting!", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "hvrw9g0", "text": "Curious why that deed restriction would be in play seeing as that was the past use of the premises?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hvijo3f", "text": "What exactly is a food and beverage sale exemption? Does that mean cannot be used for food and beverage?", "replies": [], "depth": 1}, {"id": "hvitx90", "text": "Interesting post.\n\n(I wasn't aware this sort of thing went with the title / deed).", "replies": [], "depth": 1}, {"id": "hvjiogz", "text": "Could make a nice bank.", "replies": [], "depth": 1}, {"id": "hvkf42q", "text": "Urgent care", "replies": [], "depth": 1}]