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California  + Retail  | 

Owner/User Acquires Corona Drive-Thru Restaurant

Progressive Real Estate Partners closed the $2.45-million sale of a free-standing, single-tenant 2,230-square-foot drive-thru vacant restaurant building located at 4330 Green River Rd. in Corona. The buyer, a private investor, will open a new Troy’s Burgers restaurant in the coming months.

SVP Paul Galmarini of Progressive Real Estate Partners represented the seller, a private investor.  The buyer was represented by Adrian Trejo of Commercial Life.

The transaction was structured with seller carry financing, enabling the buyer to acquire the property with a lower initial equity requirement while securing a predictable income stream for the seller. The structure provided the seller with ongoing cash flow and optionality, including the ability to monetize the note in the future if desired.

“The combination of a high-visibility location and flexible financing made this a compelling opportunity for the buyer,” said Galmarini. “We continue to see strong demand for well-located drive-thru restaurant properties across Corona and the broader Inland Empire, particularly from owner/users seeking control of their real estate.”

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Inside The Story

Progressive Real Estate Partners' Galmarini

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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