DENVER, CO – [April 10, 2024] – Blue West Capital has completed the sale of a McDonald’s ground lease located at 1025 Aloha Street, Castle Rock, CO. The property sold for $3,147,000 and a 3.75% cap rate. This marks the lowest cap rate among all retail properties in Colorado during 2023 and 2024 (source: CoStar).
Robert Edwards and Tom Ethington represented the seller in the transaction. The local all-cash buyer was not in a 1031 exchange.
Constructed according to McDonald’s latest prototype, this brand-new location commenced operations as the property was actively being marketed for sale. McDonald’s is an investment-grade rated company (S&P: BBB+) and is situated in Douglas County, ranked as the 9th wealthiest county in the United States.
We were able to swiftly attract multiple interested buyers from across the country. The seller ultimately opted for the local buyer, given their all-cash offer, familiarity with the region, and prior property tours. The property was sold rapidly, with the entire process taking only three months from the listing to the final sale.
Robert Edwards, Managing Partner
PR Contact
Robert Edwards
(720) 966-1630
Robert@BlueWestCapital.com
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