Hanley Investment Group Sells Single-Tenant NNN Red Robin in Apple Valley for $2,275,000 (2010-06-30)
Edward B. Hanley and William B. Asher of Hanley Investment Group represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant NNN Red Robin Restaurant in Apple Valley, Calif. Located at 18999 Bear Valley Rd., Red Robin occupies a single-tenant 5,532-square-foot pad building situated within the Jess Ranch Marketplace Phase III, one of the dominant power centers in the region anchored by Best Buy, Bed Bath & Beyond, Cinemark, 24 Hour Fitness and Jack in the Box. The purchase price was $2,275,000.
