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Webster McDonald’s Sets State Record for Lowest Cap Rate
A ground lease sale was recently completed for 534 El Dorado Blvd. in Webster, a southeast suburb of Houston. The single-tenant retail property is occupied by McDonald’s.
A 1031 exchange buyer from Houston 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.
Anne Perrault and Ryan Butler of Stan Johnson Company represented the seller, a California-based private investor.
“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.
The 5,344-square-foot quick service restaurant was originally built in 1989 and fully renovated in 2020. The updated property features dual drive-thru lanes on nearly 1 acre. The retail corridor site is less than a mile from Interstate 45 and minutes from NASA’s Johnson Space Center.
- ◦Sale/Acquisition
