Saturday, December 18, 2021

Stan Johnson Co. Announces Sale of Texas McDonald's at Record Low Cap Rate in Webster, TX

 

Anne Perrault 

WEBSTER, TX -- Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the ground lease sale of 534 El Dorado Boulevard in Webster, Texas, a southeast suburb of Houston.

 The single-tenant retail property is occupied by McDonald’s. Anne Perrault and Ryan Butler of Stan Johnson Company represented the seller, a California-based private investor.

A 1031 exchange buyer from Houston, Texas purchased the asset at a 3.72 percent cap rate, setting a new state record for the lowest reported cap rate for a McDonald’s property. The purchase price was not disclosed.

 Ryan Butler 

“This was a very competitive process, and we ultimately selected a high-net-worth investor local to the property who was represented by an outside broker,” said  Perrault, Director in Stan Johnson's Tulsa, Oklahoma headquarters.

 “Overall, it was a very smooth transaction and closing, and we could not be happier for our client.”

The 5,344-square-foot quick service restaurant was originally built in 1989 and was fully renovated in 2020. The updated property features dual drive-thru lanes and is situated on nearly one acre in a robust retail corridor.

The site is less than a mile from Interstate 45 and just minutes from NASA’s Johnson Space Center.


CONTACT:

 David Ebeling

Ebeling Communications

(949) 278-7851

david@ebelingcomm.com

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