The Boulder Group has completed the sale of a single-tenant McDonald’s ground lease located at the intersection of Wabash Avenue and Archer Elevator Road in Springfield for $978,260.
McDonald’s property is located on a 1.26 acre parcel and the building was constructed in 2013. The property is located along Wabash Avenue, a primary east-west thoroughfare in the area, which has a direct access interchange with Interstate 72 less than one mile from the property. Nearby retailers include AMC Theaters, Buffalo Wild Wings and multiple car dealerships.
McDonald’s has a new 20-year ground lease with rental escalations throughout the lease term. McDonald’s has more than 33,000 restaurants nationwide.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the purchaser in the transaction; an East Coast-based high net worth individual. The seller was an Illinois based developer.
