Pico Rivera, CA – February 22, 2019 – Barr & Bennett Net Leased Investments Group, a Lee & Associates North San Diego County team, has completed the $3 Million sale of a 2,423 SF Popeye’s investment property located at 9211 Telegraph Rd in Pico Rivera, CA. This Popeye’s location is a brand new build to suit with a drive-thru that sits on a hard corner signalized intersection along Telegraph Rd. This is a major retail/commuter corridor in the area, offering quick access to Interstate 5 just a few blocks from the site.
Ryan Barr & Ryan Bennett represented both the Seller, NLA Pico Rivera, LLC and the Buyers, Kwon Jae Park & Hea AnPark in a 1031 Exchange. The Los Angeles based buyer closed escrow on the property shortly after the Tenant took occupancy.
Barr & Bennett Net Leased Investments Group specializes in the acquisition and disposition of net leased assets nationwide.