McDonald's Fetches $923 PSF

Marcus & Millichap announced the sale of a 3,900-square foot, McDonald’s ground lease in Plantation.
The asset sold for $3,600,000, representing $923 per square foot.
Lori Schneider, Senior Vice President Investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a partnership from Plantation.

“This ground lease procured a price higher than average rent because of the property’s location in a popular, dense suburban market.  The tenant also has a proven sales history at this location,” says Schneider. Schneider also recently listed and sold two McDonald’s in North Carolina: a 4,449-square foot McDonald’s in Swansboro, NC for $1,100,000 and a 3,300-square foot McDonald’s in Spring Lake, NC for $1,052,632. “The high demand for quality, credit net-leased properties is outpacing the current supply, creating a narrow margin in cap rates in both large and small markets,” she adds.

The McDonald’s is located at 1351 South University Drive in Plantation.



Get the latest industry news and information from CRE-sources delivered right to your email inbox!

And we promise…no more than one email each morning.