La Mesa, Calif. — Hanley Investment Group has arranged the sale-leaseback of a 2,806-square-foot, single-tenant Wendy’s restaurant in the San Diego suburb of La Mesa.
The triple-net-leased property sold for $4.1 million. The sale included both the land and the building, and featured a new 20-year absolute lease with increases every five years.
Eric Wohl of Hanley represented the San Diego-based seller, who operates 54 Wendy’s locations in California. The buyer, represented by Thomas Ahn of Integrity Capital, was a private investor based in San Diego.