Eight prime retail properties with long-term McDonald's leases up for public tender

Hong Kong, 28 July 2025 – JLL has been appointed as the sole agent for the sale of eight prime retail properties in Hong Kong, each secured with long-term McDonald's leases, to be offered through public tender. This represents a rare, once-in-several-decades opportunity for investors to acquire high-yielding, prime retail assets in some of the city's most sought-after locations. The total market value is approximately HKD 1.2 billion, with properties available for purchase either individually or as a portfolio. The tender will close on Tuesday, 16^th September 2025 at 12:00 noon.

The portfolio comprises eight McDonald's restaurants, strategically located in high-footfall districts including Tsim Sha Tsui, Causeway Bay, Mong Kok, Kennedy Town, Tai Kok Tsui, Yuen Long, Tsuen Wan, and Tsz Wan Shan. The properties sized between approximately 6,800 and 19,000 sq ft. The largest one is the shop on the ground floor and basement of Star House at No. 3 Salisbury Road in Tsim Sha Tsui. These properties feature prominent signage and wide shop fronts, ensuring high visibility and strong customer traffic. Held by the current owner for decades This public tender presents a unique opportunity to acquire these properties on the market, representing an exceptionally rare and valuable investment prospect.

With a 100% occupancy rate, the portfolio offers investors immediate and stable rental income, supported by high rental yields. While several properties are leased solely to McDonald's, others include additional tenants such as 7-Eleven and pharmacies, offering diversified income streams.

Eunice Tang, Executive Director of Capital Markets at JLL in Hong Kong, said: "This is an exceptional opportunity—one that has not occurred in decades—to acquire high-quality retail assets backed by resilient tenants like McDonald’s, who have maintained long-lasting leases and strong cash flow. Most of these McDonald's restaurants have been iconic dining destinations for over 30 years, with some operating 24/7, which underscores the strength and resilience of the tenants' businesses."

Tang also clarified that the seller is McDonald’s Corporation, headquartered in the US, and emphasised that there are no planned changes to the McDonald’s restaurants at these locations, which remain operational. Given the prime locations, strong tenant covenants, and attractive returns, JLL has already received significant interest from a wide pool of potential investors.

For property inquiries, please contact JLL Eunice Tang at 9520-8669 or via email at Eunice.tang@jll.com.