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California  + Inland Empire  + Net Lease  | 

Newly Opened McDonald’s Sets Nationwide Cap Rate Benchmark

RealSource Group, a national commercial real estate brokerage company specializing in investment sales, sale-leasebacks and tenant representation, closed the sale of a single-tenant McDonald’s drive-thru at 22193 Bundy Canyon Rd. in Wildomar. The $3,230,000 transaction represents the lowest cap rate recorded for a McDonald’s ground lease nationwide in the past two years, according to CoStar.

Senior associate Jonathan Schiffer, CCIM and SVP of investment sales Austin Blodgett represented the seller, a private Southern California-based developer. The buyer, a private international investor, was represented by Dustin Lee of J&C Investment Group, Inc.

“We generated numerous qualified offers through a blend of RealSource’s proprietary marketing outreach and targeted inbound demand and secured a buyer during the final stages of the project’s construction,” Schiffer said. “The property closed at list price shortly after McDonald’s opened for business.”

The property is leased to McDonald’s Corporation on a 20-year absolute triple-net ground lease.

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Inside The Story

RealSource Group's Schiffer

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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