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Hanley Investment Group Sells Single-Tenant McDonald's in Santa Ana, Calif. for $2.825 Million
Rare Sale McDonald’s Sale in Orange County; Record 4.25% Cap Rate
Located at 1100 S. Grand Avenue in Santa Ana, Calif., the 3,843-square-
“We procured multiple all cash offers in the first week of marketing with the eventual buyer opening escrow non-contingent and closing escrow in 3 weeks and prior to McDonald’s completing construction of their building and paying rent,” Selznick said. “It is a prime example of the incredible demand for McDonald’s. This was the first McDonald’s listed, marketed and sold in Orange County in over 5 years.”
Selznick added, “This sale affirms strong demand for single-tenant NNN retail investments with strong credit tenants in a supply-constrained environment and very limited alternative investment options.”
The buyer was a family trust from Southern California. The seller was a private investor from Reno, Nevada.
About Hanley Investment Group Real Estate Advisors
Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment brokerage firm with a three billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group’s expertise, commitment and unwavering focus of putting the client’s needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions. For more information, visit the Company’s website at www.hanleyinvestment.com or call (949) 585-7610.