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California  + Inland Empire  | 

Beaumont Popeyes Drive-Thru Trades for Record Price

A single-tenant Popeyes Louisiana Kitchen drive-thru restaurant, located at 501 E. 5th St. in Beaumont, CA, has traded hands. The property sold for $2,265,000, representing a record $1,006-per-square-foot for a single-tenant Popeyes in SoCal’s Inland Empire.

The buyer, an undisclosed private San Jose-based investor, was represented by Hipwell Real Estate’s Cindy Hipwell. Progressive Real Estate Partners’ Greg Bedell represented the seller, an unnamed private Riverside-based investor.

Bedell says, “The buyers were seeking a 1031 exchange property that was non-management intensive, and a secure investment that would provide stable cash flow. Popeyes’ rare 20-year absolute NNN lease with 18+ years remaining, Interstate 10 off-ramp location, and prominent positioning in California’s fourth fastest-growing city, all combined to make the property a clear favorite.”

Built in 2008, the recently-upgraded 2,250-square-foot restaurant is located along the heavily traveled I-10 freeway at the Beaumont Avenue off-ramp, and is operated by an established franchisee with multiple locations throughout Riverside County.

For comments, questions or concerns, please contact Dennis Kaiser
CCIM

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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