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


IRVINE, Calif., Oct. 8, 2012 (GLOBE NEWSWIRE) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Jonathan Selznick of Hanley Investment Group and Chris Rodriguez of Pacific Commercial Investments sourced the buyer directly and represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant NNN McDonald's in Santa Ana, Calif. The purchase price was $2,825,000 representing a 4.25% cap rate.

Located at 1100 S. Grand Avenue in Santa Ana, Calif., the 3,843-square-foot building with a drive-thru is situated on a 1.03-acre parcel of land. The building (currently under construction) is schedule to be completed sometime in the month of October 2012.

"McDonald's continue to be the most sought after single tenant retail investment in today's market," said Jonathan Selznick, a vice president at Hanley Investment Group. "We have seen unprecedented cap rates for McDonald's over the past year especially in California; mostly in the low to mid 4% cap range. There has been a significant cap rate compression from where McDonald's was trading just a year ago in the 5% cap range."

"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.

The Hanley Investment Group Real Estate Advisors logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14933


            

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