IE Business Daily Business news for the Inland Empire.
The site of a fast-food restaurant in Norco has been sold $2.6 million.
The Taco Bell restaurant, at 1460 Sixth St., opened recently after signing a 25-year ground lease, according to a statement released by SRS Real Estate Partners’ National Net Lease Group in Newport Beach.
SRS National represented the seller, a local developer whose name was not released, in the ground-only sale. The buyer, a private investor who also wished to remain anonymous, was represented by CURB Realty.
Located on half an acre, the drive-thru restaurant covers 2,560 square feet. It’s part of Norco Gateway Shopping Center, which is anchored by an 18,000-square-foot Grocery Outlet.
Rite Aid, Stater Bros, Boot Barn, 99 Cents Store, and Dollar are located nearby. The site has 6,000 square feet for more retail.
More than 284,000 residents live within a five-mile radius of the site, which is next to Interstate 15, according to the statement.
