Morgan Property Group, LLC is pleased to announce the sale of a freestanding McDonald’s restaurant at the northeast corner of South Boulevard and Starbrook Drive in Charlotte, NC.
MPG, through its affiliate Four Names Realty, LLC, acquired 1.20 acres at this intersection in January 2015 for the development of this new McDonald’s restaurant featuring dual drive-thru lanes. McDonalds is expected to finish construction and open in the First Quarter of next year. This site will be a relocation of the McDonalds on Arrowood Road to the west of this site.
Marcus & Millichap Real Estate Investment Services facilitated the transaction for both the buyer and seller.
“South Blvd. is a critical roadway in Charlotte, and we are very excited to have helped McDonalds reposition themselves in the corridor,” said Trey Morgan, President of MPG.
McDonald’s is the world’s leading global foodservice retailer with over 36,000 locations serving approximately 69 million customers in over 100 countries each day. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local business men and women. For more information, visit www.mcdonalds.com.
For over thirty-eight years, Morgan Property Group has been in the commercial real estate development and brokerage business. MPG focuses on neighborhood shopping centers, multi-tenant buildings, and single-tenant projects anchored by a variety of national and regional retailers. The company and its affiliates are developing multiple retail, mixed use, and urgent care medical projects throughout the Mid-Atlantic and Southeast. To find out more, follow Morgan Property Group on Facebook and Twitter @MPG_Development or visit our website at www.morganpg.com.