CosMc's: McDonald's Secret New Concept Revealed

McDonald's launches a new, small format concept that resembles an epic love child of Dutch Bros and Starbucks

Estimated read time: 3 minutes and 42 seconds

What’s up! Welcome back to NNN Beast, the no-cost, no-nonsense email newsletter that gets you the latest and most valuable net lease real estate news straight to your inbox.

Here’s what we’ve got for you today:

  • McDonald's launches a new, small format concept that resembles an epic love child of Dutch Bros and Starbucks

👋 Was this email forwarded to you? Subscribe to get it directly!

FREAKY NAUGHTY

CosMc’s concept is being launched in Bollingbrook, IL. (Read Here)

Months after McDonald's first announced that it was launching a new restaurant chain, customers have finally gotten a first peek at the secretive concept—and some hints about what may be on the menu.

MC'D COSMC'S: McDonald's unveils its new spinoff brand, CosMc's, with a sneak peek of a location under construction in Illinois.

First Look: A video reveals a blue-colored exterior, retro signage, and four drive-thru lanes at the CosMc's restaurant.

Competitor to Starbucks and Dutch Bros: Speculations suggest that CosMc's will focus on serving coffee and drinks from McDonald's McCafé line, competing with Starbucks and Dutch Bros.

Upcoming Details: More information about the CosMc's menu will be shared during McDonald's annual investors meeting on Dec. 6.

🧠 EDITOR’S THOUGHTS

Who got Rizz: As we’ve seen recently, legacy brands such as Wendy’s and Burger King have hit the struggle bus with their locations. Meanwhile, you’ve got players such as Dutch Bros marching towards an expansion to 4,000 locations. McDonald’s wants to stay relevant by targeting a younger audience, marketing through social media, and adopting food items that get attention.

Action Items: Be on the lookout for other legacy brands looking to downsize with smaller format concepts along with creative marketing campaigns to attract Gen Z. (FYI: Rizz is short for charisma for you Boomers out there).

TRIPLE NET TENDIES

🧠 Thought Leader: Daniel Herrold shares date on where to price 7-11’s today

👂 Ear Hustle: Listen to how CAVA got started on the How I Built This Podcast

💎 Web Gem: Sean O’Dowd shares his takeaways from the Booth RE conference in Chicago

NET LEASE NUGGIES

  • Car Wash News: Mammoth Holdings refinances operations, securing over $500 million in funding through Oak Hill Advisors (OHA). The financing will support Mammoth's growth strategy of acquiring carwash brands and opening new locations to reach its goal of 500 sites nationwide. Mammoth's multi-brand portfolio currently consists of over 100 locations. This partnership with OHA will provide valuable resources and opportunities for Mammoth's owner-operators, fueling long-term growth and development. (Read More)

  • Dollar Tree's Q3 Results Mixed; Comprehensive Review for Family Dollar Dollar Tree reported mixed third-quarter results as discretionary purchases declined. The company initiated a comprehensive review of its Family Dollar business, evaluating potential closure, re-bannering, or relocation. Net income fell to $212.0 million, with earnings per share of $0.97, missing expectations. (Read More)

  • Veev Startup on the Brink of Shutdown California-based startup, Veev, known for modular construction technology, is facing closure due to insufficient funding. Employees were informed of the decision, attributing it to the cancellation of a capital raise and ongoing challenges in capital markets. Despite being valued at $1B after a successful Series D round, the company struggled to sustain its momentum as investors withdrew from proptech. (Read More)

BEAST TWEETS x POSTS

🐦 Real Estate Ranger: Fixed interest mortgages are great until they aren’t... Anchor tenant left earlier this year…

🦅 NNN Retail Guy: Benefits and drawbacks of new construction strip centers in 2023…

🦢 Bethany Babcock: Here are a few reasons they may want a shorter lease term

🦆 John Andreini: McDonald's is a real estate company that happens to sell burgers earning $7.3 billion in rental income YTD.

VISUAL OF THE DAY