KFC Acquires 3,273 SF Land In Ontario For 15-Year Lease With Landlord's Rep Progressive Real Estate Partners

A 15-year ground lease has been facilitated by Progressive Real Estate Partners between KFC and the landlord for a 3,273-square-foot drive-thru restaurant located at 1851 East G Street in Ontario. KFC, represented by Charlie Cangelosi of Irish Commercial, will be renovating the building and is set to open by mid-2024.

Summary of transaction details

• Property Type: Land
• Transaction Amount: Not specified
• Square Footage: 3,273 SF
• Address: 1851 East G Street, Ontario

The ground lease transaction was brokered by Albert Lopez of Progressive Real Estate Partners, who represented the landlord, and Charlie Cangelosi of Irish Commercial, who acted as the tenant's representative. The strategic location of the property, alongside In-N-Out Burger's expansion, played a significant role in KFC's decision to lease the space and capitalize on the area's potential.