Complex NNN Deal, Rare McDonalds Ground Lease

OCEANSIDE, CA-GlobeSt.com has exclusively learned that the sale of an Oceanside retail site featuring a master ground lease to a McDonald’s Restaurant in a rare triple-net transaction that was valued at nearly $6.2 million with a capitalization rate of 4.08% has closed. Colliers International EVP Jereme Snyder, who represented the seller, Janmi Oceanside LLC, in the transaction, noted that the asset sold at a premium based on its unique location and strong credit tenant.

Located at 185 Old Grove Rd., the restaurant, sits on a hard-corner parcel of land measuring 1.61 acres. Added to the positive features of the property, according to Colliers, is a sublease with a Shell Gas Station and car wash located within a Ralphs Grocery and Lowe’s Home Improvement Center anchored shopping center.