Ground lease in FV
A McDonald’s property in Fountain Valley has been sold in a ground lease deal worth $4.025 million, according to SRS Real Estate Partners’ National Net Lease Group.
The freestanding drive-through at 11321 Talbert Ave. has a corporate-guaranteed, triple net lease in place with 12 years remaining.
Michael Walseth with SRS represented the unidentified Southern California-based investor. Chris Nikchevich of TNG Real Estate Services represented the all-cash 1031 exchange for the buyer, who also was not identified.