September 13, 2016 – Brian Ahrens of Horvath & Tremblay, has successfully procured the buyer to complete the sale of McDonald’s in Limerick, Pennsylvania. Brian worked exclusively with the local 1031 exchange buyer to fulfill their exchange requirement. The property closed at a sale price of $1,970,000, a 4.35% cap rate.
McDonald’s occupies the 3,900-square foot property located at a signalized intersection along W Rindge Pike with high visibility and direct street frontage. McDonald’s is located within a dense and affluent residential area with an average household income in excess of $110,000 within a five mile radius. Lining a one mile stretch of W Rindge Pike are nearby national tenants including: Walgreens, Sonic, Hair Cuttery, Starbucks, Wawa, Staples, Petco, Games Stop, PNC Bank, Pizza Hut, CVS, Giant Supermarket, AC Moore and Target. McDonald’s has over 15-years remaining on the initial term of the ground lease with (6) five year options. Strong rental escalations are also scheduled throughout the remaining base term and at the beginning of each option period. The investment is accompanied by a corporately guaranteed lease with zero landlord responsibilities.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.