Southern California Private Investor Acquires 5,525-SF Chick-fil-A Ground Lease In Placentia For $7.9M

The transaction involved the sale of a newly developed Chick-fil-A located at 1200 East Alta Vista Street, Placentia, California. The sale price was $7,900,000, and the property encompasses 5,525 square feet, translating to a price per square foot of $1,430. The asset was sold with a 15-year corporate-guaranteed NNN lease.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $7,900,000
• Square Footage: 5,525
• Price per Square Foot: $1,430
• Address: 1200 East Alta Vista Street
• Market: Placentia
• Brokers: Patrick Luther, Matthew Mousavi & Winston Guest - SRS Real Estate Partners

SRS Real Estate Partners facilitated the transaction on behalf of a private investor from Southern California. This sale set a two-year record for quick-service restaurants in Orange County and was noted for benefiting from high traffic and strong surrounding demographics, especially given its proximity to California State University Fullerton, marking one of the top three QSR sales in the state over the past year.