SRS Real Estate Partners Brokers $6.15M Ground Lease For Chick-fil-A In Murrieta

The property involved in the transaction is a Retail asset located at 27960 Clinton Keith Road in Murrieta. The ground lease for this property was completed by SRS Real Estate Partners for a total sale price of $6,150,000, with a size of 5,000 square feet and a price per square foot of $1,230.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,150,000
• Address: 27960 Clinton Keith Road
• Market: Murrieta
• Seller: Sage Investco
• Brokers: Winston Guest, Matthew Mousavi & Patrick Luther - SRS Real Estate Partners

The ground lease deal for the Chick-fil-A property in Murrieta achieved a record-low 3.9% cap rate for Chick-fil-A sales this year. This transaction, part of a larger $20 million break-up strategy at The Vineyard Shopping Center, also established the lowest cap rate for QSR sales in Southern California with annual rent exceeding $200,000.