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Follow on Google News | Sale of McDonald’s Ground Lease for 4.50% Cap RateCalkain Companies, a national net lease real estate brokerage firm, recently brokered the sale of a McDonald’s ground lease investment property in Fredericksburg, VA.
By: Calkain Calkain’s Andrew Fallon, Assistant Vice President, exclusively represented the private seller, and provided marketing and transaction support services throughout the sales process. After working with the seller over the course of a few years, the property was introduced to the marketplace in Q2 2012, allowing Calkain to facilitate the sale at a cap rate of 4.50%. Fallon explains the circumstances, “After re-casting a new 20 year lease with McDonald’s, the seller was able take advantage of the compressed cap rate environment. We recognized that 2012 was going to be a seller's market given the combination of low interest rates, investor flight to quality, and the laws of supply and demand.” The buyer was a California-based 1031 investor seeking a passive replacement property. As a NNN ground lease, this investment requires that the tenant pay for real estate taxes, insurance, and maintenance expenses, which effectively provides the landlord with a passive, bond-like income stream by through commercial real estate ownership. The transaction occurred within the last thirty days and will be recorded in the public records. Calkain Companies is a boutique commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant retail, industrial, hotel and office net leased transactions. While licensed to conduct business in many states, nationally, Calkain has multiple office locations throughout the Mid-Atlantic, Southeast and Northeast United States. Additional information about the firm and listings may be found at www.calkain.com. End
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