McDonald’s Sale

DATE March 13, 2019 / AUTHOR AGM


We are happy to announce a recent closing of an irreplaceable McDonalds corner in Salisbury, MD. We represented a large NYC buyer in a 1031 exchange. While the investment attracted a very high interest, we were able to negotiate a winning bid within 10 days of the first offer. It was a smooth transaction with a quick, all-cash closing. A big shout out to the Pegasus Investments team for their professionalism and seamless cooperation as the listing broker on this transaction!

Investments Highlights

  • McDonalds Corporate Guarantee
  • Complete renovation by McDonalds in 2017
  • Long history of successful occupancy
  • Brand new ground lease with 14+/- years on term and strong rental escalations
  • Absolute NNN lease
  • Irreplaceable real estate with low basis
  • Outparcel to the Commons, a 300,000+ SF open-air shopping center
  • Over 38,000 ADT on the signalized intersection
  • Highly visible corner


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When one of our repeat clients called us to find a long term NNN drugstore, we knew we had to dig deep. Finding above average risk-adjusted returns on long term drugstores has become much more cumbersome in the last few months. After searching for a few weeks, we identified the investment and realized there will […]

OFF-MARKET – Mister Car Wash Closing in Cedar Rapids

March 6, 2020 by AGM

We are pleased to announce a closing of an off-market car wash transaction in Cedar Rapids, IA. This transaction represents an up-leg in our client’s 1031 exchange and is the final of 5 properties that they had exchanged into. This investment accomplishes the goal of increasing cash flow to the client, with a sturdy, brand […]

Steak ‘n Shake Sale

February 28, 2020 by AGM

We are happy to announce a successful closing of a Steak ‘n Shake in Hoover, Alabama. The investment was a brand new 20-year Sale-Leaseback from the current operator and the franchisee at the site. The site was a successful location for Steak ‘n Shake for over a decade and with Whole Foods as an anchor […]