We are happy to announce a recent closing of an irreplaceable McDonalds corner in Salisbury, MD. We represented a large NYC buyer in a 1031 exchange. While the investment attracted a very high interest, we were able to negotiate a winning bid within 10 days of the first offer. It was a smooth transaction with a quick, all-cash closing. A big shout out to the Pegasus Investments team for their professionalism and seamless cooperation as the listing broker on this transaction!

Investments Highlights

• McDonalds Corporate Guarantee
• Complete renovation by McDonalds in 2017
• Long history of successful occupancy
• Brand new ground lease with 14+/- years on term and strong rental escalations
• Absolute NNN lease
• Irreplaceable real estate with low basis
• Outparcel to the Commons, a 300,000+ SF open-air shopping center
• Over 38,000 ADT on the signalized intersection
• Highly visible corner