The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased McDonald’s ground leased property located at 20310 US-59 in New Caney, Texas for $1,818,180.
The McDonald’s property is strategically located immediately off of Highway 59 (50,206 VPD) where it has excellent visibility and easy access. Highway 59 is a primary north-south thoroughfare that leads to Houston. The property is located at a newly constructed intersection bypass that further enhances access. A pole sign over 100’ tall maximizes visibility. The property is an outparcel to a new construction Walmart Supercenter and near other retailers including Walgreens, Chase, Taco Bell and Jack in the Box.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a Texas based real estate investment firm and the buyer is a private east-coast based investor.
“E-commerce resistant retailers including tenants in the QSR sector continue to be in high demand amongst investors” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Single tenant McDonald’s properties generate some of the lowest cap rates due to their impeccable credit and lease qualities.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant 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 over $5 billion of single tenant net lease real estate transactions. From 2012-2018, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago. www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
Email: Send Email
Address:3520 Lake Avenue Suite 203
Country: United States