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STOCKTON, CALIF. — Hanley Investment Group Real Estate Advisors has facilitated the sale of a single-tenant, absolute net-leased restaurant property located at 627 N. Wilson Way in Stockton.
Santa Monica, Calif.-based TB Stockton sold the 1,644-square-foot property to M&M Trust of Sacramento for $1.4 million, or $882 per square foot.
Taco Bell occupies the property and has a 48-year operating history at the location.
Pat Kent and Corey Olson of Hanley Investment represented the seller, while Stephen Harper of Veritas Investment Realty Investors represented the buyer in the transaction.