Hanley Investment Group Real Estate Advisors arranged the sale of a 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, which CoStar reports is the lowest recorded cap rate for a single‑tenant McDonald’s sale in Indiana in the past 10 years.
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…