Marcus & Millichap announced the sale of McDonald’s Ground Lease, a 3,500 square-foot net-leased property located in Eminence, KY. The asset sold for $1,150,000.
Austin Weisenbeck, Sean R. Sharko, Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office and Larry Hausman, investment specialist in Marcus & Millichap’s Louisville office, had the exclusive listing to market the property on behalf of the seller, a developer. Aaron Johnson, Broker, assisted in closing this transaction.
McDonald’s Ground Lease is operating under a brand new 20 year absolute net-lease with eight, five-year option periods. There are 10 percent rental increases every five years. The lease is corporately guaranteed by McDonald’s USA, LLC a subsidiary of McDonald’s Corporation.
