News

McDonald’s Sale

DATE March 13, 2019 / AUTHOR AGM

CATEGORY Just Sold

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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