Hanley Investment Group Real Estate Advisors and Oaks Commercial Real Estate arranged the sale of a single-tenant property occupied by a McDonald’s Drive-Thru in Fountain Valley. The sale price was $3.85 million for the absolute triple-net ground lease at a 3.55% cap rate.

Hanley EVPs Bill Asher and Jeff Lefko, in association with Fred Encinas of Oaks Commercial Real Estate of Eastvale, represented the seller, a Newport Beach-based family trust. The buyer, an all-cash, 1031 exchange buyer based in Fountain Valley, was represented by Robert Tran of HPT Realty in Westminster.

“We generated multiple qualified offers at sub-4% cap pricing and secured a local all-cash, 1031 exchange buyer who resides minutes from the property,” Asher said. “With seven years remaining on an initial 20-year lease term, we achieved record pricing for a McDonald’s with 5% increases every five years and a shorter-term lease.”

Built in 2011 on 1.04 acres, the 3,500-square-foot McDonald’s is located at 11321 Talbert Ave., an outparcel adjacent to a Costco. According to Placer.ai data, it’s among the top-performing McDonald’s locations nationwide.

CBRE’s Walter Pagel and Hannah Curran represented Goodwill Industries of Orange County in negotiating a 15,000-square-foot new retail lease for its expansion into Fountain Valley. The new location is at 17120 Magnolia St. 

Goodwill OC joins Aldi and CVS at the neighborhood shopping center. This will be the organization’s first store in Fountain Valley and the latest step toward achieving its goal of doubling its retail footprint and workforce development impact in Orange County over the next decade. 

“The opening of Goodwill’s new store in Fountain Valley is a win-win situation for the nonprofit and the local community,” said Curran. “It’s truly a fantastic opportunity for everyone involved.” 

This marks the opening of Goodwill OC’s 25th store and the second space Pagel and Curran secured for the tenant. In late 2023, the team helped the organization secure a 13,000-square-foot retail building in Orange.