Windsor, CT, March 02, 2017 --(PR.com
)-- GCT Net Lease, a net leased investment property brokerage firm, completed the sale of a single tenant, 3,614 square foot McDonald’s Ground Lease property located in Shorewood, Illinois. The sale closed on January 11, 2017 for $1,737,500.
Dwaine L. Clarke, of GCT Net Lease represented the buyer, a private investor in the transaction. The seller, SJ-Shorewood, LLC was represented by Stan Johnson Company.
The triple net property is ideally situated in the retail epicentre of Shorewood, with frontage and visibility on Brook Forest Avenue, which experiences a high daily traffic count. This McDonalds property also benefits from its central position, surrounded by a myriad of major national retail tenants including The Home Depot, Dick’s Sporting Goods and Babies “R” Us.
“The market for fast food NNN properties for sale remains active as these assets are in high demand among private investors,” explained Dwaine Clarke, President of GCT Net Lease. “After speaking with my client and discussing his needs, I reached out to my network and was able to find the perfect property for their requirements. I negotiated a great price and it worked out well for my client.”
The McDonald’s Corporation is the world’s largest chain of hamburger fast food restaurants and one of the most sought-after NNN properties for sale. As of December 31 2015, the McDonald’s Corporation had total revenues of over $25.4 billion, a net income of $4.5 billion and a net worth of over $7 billion and serves nearly 700 customers daily in over 100 countries across the world.