Hanley Investment Group announces sale of Chili’s Grill & Bar at Lake Elsinore Marketplace for $2.6 M

Hanley Investment Group announces the sale of Chili’s Grill & Bar at Lake Elsinore Marketplace for $2.6 million to a private investor from Orange County. Valley News/Courtesy photo
LAKE ELSINORE – Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced recently that the firm has arranged the sale of a single-tenant Chili’s Grill & Bar at Lake Elsinore Marketplace. The 144,034-square-foot shopping center is anchored by Costco, Lowe’s, Grocery Outlet, PetSmart and Dollar Tree.The sale price was $2,608,000, representing a 5% cap rate. Hanley Investment Group sold $383 million in retail properties in the Inland Empire in the last 36 months, including nine retail properties at Lake Elsinore Marketplace valued at $24 million in the last 15 months.Hanley Investment Group executive vice presidents, Kevin Fryman and Bill Asher, represented the seller, Pacif
Subscribe or log in to read the rest of this content.