Hanley Investment Group Sells Single-Tenant NNN Leased Restaurant Investment in Pico Rivera, Calif. for $1.4 Million

IRVINE, CA – February 23, 2012 – (RealEstateRama) — 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 Kevin T. Fryman represented the seller in the sale of a single-tenant NNN leased investment, La Barca Restaurantes, a 3,664-square-foot restaurant in Pico Rivera, Calif., offering authentic, fresh-made Mexican food. The purchase price was $1,400,000, which represented a cap rate of 6.50%. The tenant has 7 years remaining on the lease.