IE Business Daily Business news for the Inland Empire.
A Popeyes Louisiana Kitchen in Beaumont has been sold.
The restaurant, at 501 E. 5th St., sold for $2.2 million, according to Progressive Real Estate Partners in Rancho Cucamonga, which helped negotiate the sale.
Progressive represented the seller, a private investor in Riverside. Hipwell Real Estate in San Jose represented the buyer, a private investor in San Jose.
Built in 2008, the drive-thru restaurant sold for just over $1,000 per square foot. The property was recently upgraded and is next to Interstate 10 at the Beaumont Avenue offramp, which is passed by approximately 152,000 vehicles per day.
An established franchisee with multiple locations in Riverside County operates the restaurant, according to a statement.
