STREAM Negotiates $1.1M Sale of McDonald’s Ground Lease in O’Fallon, Illinois
STREAM Capital Partners has negotiated the $1.1 million sale of a McDonald’s ground lease in O’Fallon, Illinois.
The property is located at 109 E. Highway 50. The lease is structured as a NNN with ten years remaining and periodic increases.
STREAM Capital Partners received five full asking price offers within one week of marketing. Phil DiGennaro, Jordan Shtulman, and Jonathan Wolfe of STREAM Capital Partners represented the seller on the transaction.
“The quality of the tenant, remaining rental increases, and low rental rate created strong interest. The buyer chosen was in a 1031 exchange, closed all cash, and required a limited due diligence period,” said DiGennaro.