Rancho Cucamonga, CA – January 7, 2025 – Investment Sales Advisor Trinnie Lee and Senior VP Greg Bedell of Progressive Real Estate Partners announced the acquisition of a new STNL McDonalds with double drive-thru for $2,666,666 in a 1031 exchange transaction.
The property is located at 26761 East University Drive in Aubrey, Texas (Dallas-Fort Worth MSA) and is part of the 1,100-acre Union Park Master Planned Community which is projected to include 3,400 residential units at build-out and is located along the busy US Highway 380 corridor.
Lee and Bedell represented the buyer, a Southern California based private investor in the transaction. The seller was represented by The Mansour Group at Marcus & Millichap.
Built in 2023, the 4,397 square-foot McDonalds features easy access and outstanding visibility along Highway 380 which is the area’s major retail and traffic corridor with daily traffic counts in excess of 40,000 vehicles. Adjacent and nearby retailers include Walgreens, Anytime Fitness, Public Storage, 7-Eleven, Qdoba, Starbucks, Slim Chickens and Wendy’s.
The property is also directly across from a high school (2,765 students) and Carrico Stadium (capacity 7,000). Furthermore, it is located in an affluent area experiencing major growth. Within a 5-mile radius there are over 119,000 people with an average household income of more than $136,000.
According to Lee “This was an ideal opportunity for the buyer, who plans to relocate to Texas, to transition from a residential asset and acquire a single tenant property leased to a globally recognized corporate brand. With over 18 years remaining on the ground lease the investment provides both a reliable income stream and long-term stability.”
Bedell added, “The property is situated in an excellent location within the high-growth Dallas-Fort Worth region further ensuring continued viability as the area continues to expand and attract new residents and businesses.”
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire, San Gabriel Valley and Coachella Valley. The office is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,650 lease and sales transactions valued at more than $1.8B in over 35 cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their real estate goals.