Two Retail Parcels at Chino’s Country Fair Trade for $6M

SRS Real Estate Partners’ National Net Lease Group (NNLG) has completed the sales of two single-tenant retail outparcels at Country Fair Shopping Center in Chino, CA. The sales of the quick-service restaurant buildings, currently occupied by Wienerschnitzel and Carl’s Jr. traded for a total of $6.1 million. The buyers were separate California-based private investors.

“Breaking up the two assets to sell separately created a larger potential buyer pool, maximizing the ultimate value for each property. We were able to secure two all-cash buyers at a 3.75% and 4.0% cap rate. These sales are testimony that buyers are still paying aggressive cap rates for well-located investment properties with strong fundamentals,” said SRS NNLG’s Matthew Mousavi who represented the seller along with the firm’s Patrick Luther.

The 1,600-square-foot Wienerschnitzel property sold for $2.4 million and the 3,800-square-foot Carl’s Jr. asset was purchased for $3.7 million. Both outparcels are located on Central Avenue in Chino.

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