Chicago Real Estate Resources (CRER) is pleased to announce the sale of 13 W. Rand Rd, Mount Prospect. Nate Gautsche, commercial broker in CRER’s downtown office, represented an out of state 1031 Exchange buyer in the purchase.
The property featured a new 30 year, absolute NNN ground lease with S&P “A” rated McDonald’s. This was a rare opportunity to acquire the oldest corporate-run store in the state and one of the most established in the country. The new store currently under construction will allow for a larger footprint, double drive-thru, and replaces the location across the street that operated for nearly 50 years.
CRER’s downtown office specializes in the sale of commercial and investment real estate throughout the Chicagoland area.