Hanley Investment Group Arranges $2.9 Million Sale of Single-Tenant Retail Property in Inland Empire

Why It Matters

The transaction demonstrates strong demand for long‑term, triple‑net restaurant properties in a fast‑growing market, reinforcing the Inland Empire’s appeal to income‑focused real‑estate investors.

Key Takeaways

• $2.9M sale of 3,000‑sq‑ft retail outparcel in Lake Elsinore.
• Pollo Campero holds 15‑year absolute NNN lease with 10% step‑ups.
• Transaction brokered by Hanley for seller Evergreen Devco.
• Buyer is private investor from San Bernardino County.
• Highlights demand for triple‑net restaurant properties in Inland Empire.

Pulse Analysis

The Inland Empire continues to attract capital as its population expands and consumer spending rises. Developers are filling the region with mixed‑use centers anchored by grocery chains such as Stater Bros., creating valuable outparcel opportunities for quick‑service concepts. In this environment, Hanley Investment Group facilitated the $2.9 million sale of a newly built 3,000‑square‑foot retail building in Lake Elsinore. The transaction illustrates how modest‑sized, purpose‑built parcels can command premium prices when paired with long‑term, credit‑worthy tenants.

Pollo Campero, a fast‑casual Latin chicken chain, occupies the space under a 15‑year absolute triple‑net ground lease that includes automatic 10 percent rent increases every five years. An absolute NNN structure shifts all operating costs—taxes, insurance, maintenance—to the tenant, delivering predictable cash flow to the landlord. The built‑in step‑up clause further protects the investor against inflation, while the 15‑year term reduces turnover risk. Such lease terms are especially attractive to institutional buyers seeking stable, low‑maintenance income streams.

The buyer, a private investor from San Bernardino County, joins a growing cohort of capital providers targeting similar assets across Southern California. By securing a property with a strong tenant and a robust lease, the investor positions themselves to benefit from both rental growth and potential appreciation as the surrounding retail hub matures. Hanley’s involvement underscores the firm’s expertise in matching developers with qualified buyers in niche markets. As demand for triple‑net restaurant locations intensifies, comparable deals are likely to proliferate, reinforcing the Inland Empire’s status as a hotbed for real‑estate investment.