REBusinessOnline

SRS Real Estate Partners Brokers $4M Sale of McDonald’s Ground Lease in Orange County

11321-Talbert-Ave-Fountain-Valley-CA

McDonalds occupies the 3,500-square-foot, drive-thru restaurant property at 11321 Talbert Ave. in Fountain Valley, Calif.

FOUNTAIN VALLEY, CALIF. — SRS Real Estate Partners has brokered the ground lease sale of a freestanding restaurant building located at 11321 Talbert Ave. in Fountain Valley. A private investor acquired the property from a Southern California-based investor for $4 million.

McDonald’s occupies the 3,500-square-foot, drive-thru building on a corporate-guaranteed, triple-net lease with 12 years remaining.

Michael Walseth of SRS’ National Net Lease group represented the seller, while Chris Nikchevich of TNG Real Estate Services represented the all-cash, 1031-exchange buyer in the deal.

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