Hanley Investment Group Arranges $6.9 Million Sale of Two Single-Tenant Retail Properties in Southern California

Murrieta, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $6.9 million sale of two single-tenant retail properties located in Murrieta, roughly 65 miles north of San Diego. The property features two separate, standalone pads across 1.8 acres. Quick Quack Car Wash occupies 4,126 square feet on a 20‑year, absolute triple‑net ground lease that includes 12 percent rental increases every five years. There are 17 years remaining on the lease with multiple renewal options. Popeyes will occupy a 1,983-square-foot restaurant on the other pad on a 20-year absolute, triple-net ground lease with 10 percent rental increases every five years. Popeyes is scheduled to begin site construction soon. Sean Cox and Bill Asher of Hanley represented the seller, an Orange County, California-based private developer. Brendan Tyoran and Jake Linsky of Matthews Real Estate Investment Services represented the buyer, a private 1031 exchange investor based in California’s Central Valley.