The Boulder Group Arranges Sale of a Single Tenant McDonalds Ground Lease in the Chicago MSA
Summary
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.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.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 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.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.