A newly built McDonald’s ground lease in Palmdale has changed hands in an all-cash transaction, underscoring investor appetite for net-leased quick-service restaurant assets. Cushman & Wakefield arranged the investment sale of the single-tenant property, which totals approximately 4,336 square feet and is located at 3854 Rancho Vista Blvd in Palmdale. The McDonald’s tenant is continuing operations without interruption through the sale.
The seller, FSD Rancho Vista, transferred the asset to S&R Apt. 18th Street LLC for a reported price of $3.5 million. Cushman & Wakefield’s capital markets team, led by vice chair Chris Hollenbeck and director Shane Carter, represented the seller in the transaction. The assignment involved marketing a newly constructed, brand-name fast-food property positioned as a long-term, net-leased investment.
The restaurant sits on a one-acre site and was completed in 2026, offering buyers exposure to a modern prototype store with current construction standards. The lease is structured as an absolute triple-net ground lease, with the tenant responsible for expenses typically associated with ownership. According to Hollenbeck, the combination of an absolute NNN structure, a strong corporate guaranty from the McDonald’s brand, and the property’s recent completion contributed to its appeal among investors focused on stability and predictable cash flow.
The buyer closed the acquisition in cash, allowing for an expedited timeline from contract to completion. Cushman & Wakefield reported that the deal closed in roughly one month from the opening of escrow, a pace that reflects both the preparedness of the purchaser and the clean risk profile of the asset. Market participants cited by the brokerage view compressed timelines on stabilized, single-tenant net-lease transactions as a sign of continued liquidity for well-located, brand-name retail pads.
For the Palmdale corridor, the transfer of this newly delivered McDonald’s illustrates how new construction quick-service properties continue to attract private and institutional capital targeting durable income streams. With the tenant remaining in place and a ground lease supported by a corporate guaranty, the asset provides the new owner with exposure to a national credit in a format that is designed to minimize ongoing landlord obligations. The sale highlights how investors are continuing to differentiate among retail opportunities, with capital gravitating toward new, credit-backed net-lease offerings that can support efficient, all-cash execution.
