The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased McDonald\u2019s ground lease property located at 20310 US-59 in New Caney, Texas for $1,818,180.<\/p>\n
The McDonald\u2019s ground lease 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\u2019 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.<\/p>\n
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.<\/p>\n
\u201cE-commerce resistant retailers including tenants in the QSR sector continue to be in high demand amongst investors\u201d said Randy Blankstein, President of The Boulder Group.\u00a0 Jimmy Goodman, Partner of The Boulder Group, added, \u201cSingle tenant McDonald\u2019s properties generate some of the lowest cap rates due to their impeccable credit and lease qualities.\u201d<\/p>\n