MIAMI—Fast-food restaurants are seeing strong investor interest in Florida. McDonald's and Wendy's are recent targets in the net lease sector in Central and South Florida—and specifically secondary and tertiary markets in these regions.
A newly-constructed McDonald's property that sits along State Road 540 in Winter Haven, FL, just traded hands. A private family trust in a 1031 exchange just acquired the ground lease on the property, which sees about 20,000 cars pass by each day. The McDonald's is across the street from a CVS and Publix grocery store.
Randy Blankstein and Jimmy Goodman of Boulder Group represented the buyer. The seller was a Michigan-based developer.
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