Chris Nikchevich Of TNG Real Estate Services Represents Buyer In $4 Million Fountain Valley Sale

A freestanding restaurant building located at 11321 Talbert Ave in Fountain Valley has been sold for $4 million. The property encompasses a 3,500-square-foot drive-thru building, which is occupied by McDonald’s under a corporate-guaranteed, triple-net lease that has 12 years remaining.

Summary of transaction details:

• Property Type: Restaurant
• Transaction Amount: $4,000,000.00
• Address: 11321 Talbert Ave, Fountain Valley, CA
• Buyer’s Representative: Chris Nikchevich - TNG Real Estate Services
• Seller: Unknown
• Seller's Representative: Michael Walseth - SRS Real Estate Partners
• Market: Fountain Valley
• Square Footage: 3,500
• Lease Type: Corporate-guaranteed, triple-net
• Remaining Lease Term: 12 years

Chris Nikchevich of TNG Real Estate Services represented the buyer, who participated in an all-cash 1031-exchange transaction. Michael Walseth from SRS’ National Net Lease group acted on behalf of the seller in this deal, which involved a private investor acquiring the property from a Southern California-based investor.