SRS Real Estate Partners’ National Net Lease Group (NNLG) arranged the ground lease acquisitions of two Chick-fil-A assets totaling approximately $15 million. The assets are located in Riverside County’s Palm Desert and Orange County’s Mission Viejo. The blended closing cap rate was 3.83%, marking the lowest cap rates for Chick-fil-A-occupied properties sold year-to-date in the Western U.S.
NNLG managing principals Matthew Mousavi and Patrick Luther represented the Southern California-based private buyer.
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