The Boulder Group,
a net leased investment brokerage firm, has completed the sale of a single tenant McDonald’s ground lease located at 3711
57th Avenue in Kenosha, WI for $1,050,000.
McDonald’s is the sole occupant of the
4,467 square foot retail building that was developed in 2011. The property is
located on a 1.88 acre parcel at the northeast corner of Green Bay Road and
Washington Road in Kenosha, WI. The
property is benefitted by its strategic position next to CVS and other nearby
retailers including Wal-Mart and Sam’s Club. The property features a
newly developed property with a twenty year lease (with rental escalations) in
a prime location between Milwaukee and Chicago.
The property has curb cuts for
ingress and egress on both Washington and Green Bay roads.
Randy Blankstein
and Jimmy Goodman of The Boulder Group represented both parties in the
transaction; the seller, a Chicago based development firm and the buyer, a
private investor based in the Midwest.
McDonald’s has a
new twenty year ground lease at this property with rental escalations
throughout the lease term. McDonald’s is a publicly traded company on the New
York Stock Exchange (MCD), with a market capitalization of $102 Billion.
McDonald’s is an investment grade rated company with a Standard & Poor’s
rating of A and has over 33,000 restaurants worldwide.
“The
market for McDonald’s ground leases remains active as investors are attracted
to investment grade tenanted properties with long term leases under $2 million
dollars.” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group,
added, “The lack of newly developed single tenant properties is causing prices
to increase for core assets, similar to this particular McDonald’s
transaction.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com
The Boulder Group is a boutique investment real estate service firm specializing in net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of more than $1.2 billion of net lease real estate transactions through several real estate cycles. The Boulder Group is headquartered in suburban Chicago. The company’s website address is www.bouldergroup.com
