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MichiganRetail

The Boulder Group sells McDonald’s property in Detroit area

Staff Writer April 5, 2017
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The Boulder Group recently sold a new McDonald’s ground lease located along Grand River Avenue in the Detroit MSA for $1.35 million.

McDonald’s is the sole occupant of the property that features a 4,500-square-foot building. The 1.39-acre parcel is located along a stretch of road that sees traffic counts of more than 21,000 vehicles a day.

Randy Blankenstein and Jimmy Goodman of the Boulder Group represented the seller, a Chicago-based investment firm. The buyer was a high-net-worth investor in a 1031 exchange based in California.

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