All-Cash Buyer Acquires Newly Built McDonald’s Restaurant In Ringgold, Georgia, From Marcus & Millichap

A newly built McDonald’s restaurant located at 5639 Battlefield Parkway in Ringgold, GA, was sold to an all-cash buyer as part of a 1031 exchange. The specific selling price of the property remains undisclosed. The restaurant is secured with a 20-year lease that includes 7.5% rent increases and extension options.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Undisclosed
• Address: 5639 Battlefield Parkway
• Market: Ringgold, GA
• Lease Term: 20 years
• Rent Increases: 7.5%
• Extension Options: Yes

Don McMinn and Andrew Koriwchak, representatives of the Marcus & Millichap's Taylor McMinn Retail Group, were instrumental in brokering the sale of the property. Their expertise contributed to executing the transaction efficiently, aligning with the buyer's investment strategy.