Pico Rivera, CA – March 1, 2019 – Barr & Bennett Net Leased Investments Group, a Lee & Associates North San Diego County team, has completed the $1,158,000 sale of a 1,252 SF Little Caesar’s investment property located at 9209 Telegraph Rd in Pico Rivera, CA. This Little Caesar’s is a new location located in Pico Rivera, in Los Angeles County, California (the “Property”).
The build to suit property was completed in late December and consists of a 1,252-square-foot retail building with a drive-thru that sits on an approximately 0.16-acre parcel. The subject property is situated on a hard corner signalized intersection along Telegraph Rd, offering outstanding signage and visibility to 26,000+ cars per day. Telegraph Rd is a major retail/commuter corridor in the area, offering quick access to Interstate 5 just a few blocks from the site. Additionally, the property is located in a dense infill location, with nearly 62,000 households within a 3-mile radius of the site.
Barr & Bennett represented the Seller, NLA Pico Rivera, LLC in the transaction. The Buyer, Bellside Property Management LLC, was represented by Lee & Associates – Riverside. Barr & Bennett, utilizing their proven national marketing platform, generated multiple offers on the property. The Los Angeles based buyer closed escrow on the property shortly after the Tenant took occupancy.
Barr & Bennett Net Leased Investments, a team within Lee & Associates-North San Diego County, specializes in the acquisition and disposition of net leased assets nationwide.