PRESS RELEASE: The Boulder Group Arranges the Sale of a Single Tenant McDonald’s Ground Lease in Springfield, IL

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. Residents living within three miles of the property have annual household income in excess of $87,000.

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.

“The market for McDonald’s ground leases remains active as investors are attracted to investment grade tenanted properties with long term leases under $2 million dollars.” said Randy Blankstein, President of The Boulder Group.  Jimmy Goodman, Partner of The Boulder Group, added, “The lack of newly developed single tenant properties has caused cap rates to decrease for assets similar to this particular McDonald’s transaction.”

About The Boulder Group

The Boulder Group is a boutique investment real estate service firm specializing in net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of more than $1.6 billion of net lease real estate transactions through several real estate cycles. In 2011 and 2012, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by Real Capital Analytics. The Boulder Group is headquartered in suburban Chicago. The company’s website address is

TAGS: Investment