IE Business Daily Business news for the Inland Empire.
A Fontana building occupied by a Raising Cane’s Chicken Fingers fast-food restaurant has been sold.
The single-tenant structure at 16988 S. Highland Avenue sold for $3.5 million, according to Hanley Investment Group Real Estate Advisors in Corona Del Mar.
The restaurant sits on approximately one-half acre and is part of the new Highland Village shopping center, which is anchored by a Sprouts Farmers Market. It includes a Jack in the Box, Jersey Mikes, Pacific Dental and Mountain View Tires.
Hanley Investment represented the seller, Adler Realty Investments, Inc. in Woodland Hills. Marcus & Millichap Ontario represented the buyer, a private investor in Covina whose name was not released.
Highland Village is next to the Foothill Freeway at Sierra Avenue. Raising Cane’s Chicken Fingers, a Louisiana-based chain that is growing in popularity throughout the country, opened its restaurant there in February, according to Hanley Investment.
