McDonald’s Ground Lease in Chapel Hill Sold


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.

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