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Newly Built Pollo Campero Sells at Four-Year-Low Cap Rate
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Newly Built Pollo Campero Sells at Four-Year-Low Cap Rate
Hanley Investment Group Real Estate Advisors recently arranged the sale of a newly constructed, single-tenant Pollo Campero ground lease in Lake Elsinore for $2,925,000. The closing cap rate represents the lowest Pollo Campero cap rate recorded nationwide in nearly four years, according to Hanley. EVP Bill Asher and EVP and partner Jeff Lefko represented the seller and developer, Evergreen Devco. The buyer, a private investor based in San Bernar…
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