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Industry News
By Ashley AffeldtPublished: March 01, 2010
Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the Western United States and a market leader in the sale of retail properties, announced today that Edward B. Hanley and William B. Asher represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant Red Robin Restaurant in Menifee. The purchase price was $2,040,000.
Located in Riverside County at 30142 Haun Road in Menifee, the single-tenant Red Robin Restaurant is a pad building situated within Countryside Marketplace, the dominant power center in the region anchored by Super Target, Lowes, Kohl’s, Best Buy, Staples and Michaels. Other notable tenants include Tilly’s, Old Navy, Petco, BevMo, In-N-Out Burger, Wells Fargo, Chipotle and Starbucks. Constructed in 2008, Red Robin occupies a 6,050-square-foot free-standing building situated on a 1.37-acre parcel of land.
Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment advisory firm with a $2 billion transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations.
Hanley Investment Group’s expertise, commitment and unwavering focus of putting the client’s needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions. For additional information, call 949.585.7610 or visit the Company’s Web site at hanleyinvestment.com.
For submissions, contact Ashley Affeldt at 949.757.1404, ext. 264, or at aaffeldt@churmmedia.com.
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Located in Riverside County at 30142 Haun Road in Menifee, the single-tenant Red Robin Restaurant is a pad building situated within Countryside Marketplace, the dominant power center in the region anchored by Super Target, Lowes, Kohl’s, Best Buy, Staples and Michaels. Other notable tenants include Tilly’s, Old Navy, Petco, BevMo, In-N-Out Burger, Wells Fargo, Chipotle and Starbucks. Constructed in 2008, Red Robin occupies a 6,050-square-foot free-standing building situated on a 1.37-acre parcel of land. Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment advisory firm with a $2 billion transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group’s expertise, commitment and unwavering focus of putting the client’s needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions. For additional information, call 949.585.7610 or visit the Company’s Web site at hanleyinvestment.com. For submissions, contact Ashley Affeldt at 949.757.1404, ext. 264, or at aaffeldt@churmmedia.com. |
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