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Chicago & Midwest  + Midwest  + Retail  |  February 24, 2026
Jasmine Kilman
By: Jasmine Kilman

Hanley Investment Group Arranges Sale of Indianapolis McDonald’s Ground Lease

Hanley Investment Group Real Estate Advisors has arranged the sale of a brand new, single-tenant McDonald’s ground lease at Southern Dunes Commons at Wellingshire in Indianapolis, Indiana.

The property sold to a private 1031 exchange investor based in Northern California for $1.95 million, representing a 4.10% cap rate. Hanley Investment Group’s Executive Vice President Dylan Mallory, in association with ParaSell, Inc., represented the sellers, Wellingshire Partners LLC and Midland Atlantic Properties, Inc. The buyer was represented by Mehdi Star from Net Lease Exchange based in the San Francisco Bay Area.

The McDonald’s is located at 2326 West Southport Road Drive in Indianapolis and is part of Southern Dunes Commons at Wellingshire, a new mixed-use development positioned directly off Interstate 69. The property features a new 20-year absolute triple-net ground lease, corporate-guaranteed by McDonald’s Corporation.

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Hanley Investment Group Real Estate Advisors

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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