THE FLINTKOTE CORP. ACQUIRES MCDONALD’S GROUND LEASE FOR $1.3M

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DURHAM, N.C. — The Flintkote Corp. has acquired a new McDonald’s ground lease at South Roxboro Street and Martin Luther King Boulevard in Durham for $1.3 million. The 1.69-acre site is subject to a new 20-year lease to McDonald’s USA LLC. A group of private investors sold the site to The Flintkote Corp. Steve Horvath and Jay Levell of Berkeley Capital Advisors represented the seller, and Joe Graham of CBRE/Raleigh represented the buyer.

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