Mar
31

McDonald’s Ground Lease in Chapel Hill Sold

By

berkeley mcdonaldsBerkeley Capital Advisors has announced the sale of the McDonald’s Ground Lease in Chapel Hill, NC for $2.15MM, satisfying a 1031 tax exchange. Located at US Highway 15-501 at Plaza Drive, McDonald’s had a new 20 year lease at the time of sale. The restaurant is on a 1.01 acre parcel that is an outparcel of North Chatham Village (formerly Cole Park Plaza), which is currently under renovation. The neighborhood center has a complementary tenant mix in Dollar Tree, Subway, Goodyear, and Chapel Hill Tire among others.

Steve Horvath and Ransome Foose of Berkeley Capital Advisors exclusively represented the seller in the transaction.

Categories : Chapel Hill

Comments are closed.