Stan Johnson Company Announces Sale of Texas McDonald’s at Record Low Cap Rate

Perrault-McDonalds

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the ground lease sale of 534 El Dorado Boulevard in Webster, Texas, a southeast suburb of Houston. The single-tenant retail property is occupied by McDonald’s. Anne Perrault and Ryan Butler of Stan Johnson Company represented the seller, a California-based private investor. A 1031 exchange buyer from Houston, Texas purchased the asset at a 3.72 percent cap rate, setting a new state record for the lowest reported cap rate for a McDonald’s property. The purchase price was not disclosed.

“This was a very competitive process, and we ultimately selected a high-net-worth investor local to the property who was represented by an outside broker,” said Anne Perrault, Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters. “Overall, it was a very smooth transaction and closing, and we could not be happier for our client.”

The 5,344-square-foot quick service restaurant was originally built in 1989 and was fully renovated in 2020. The updated property features dual drive-thru lanes and is situated on nearly one acre in a robust retail corridor. The site is less than a mile from Interstate 45 and just minutes from NASA’s Johnson Space Center.

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $40 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.