Progressive Real Estate Partners closed the $2.45-million sale of a free-standing, single-tenant 2,230-square-foot drive-thru vacant restaurant building located at 4330 Green River Rd. in Corona. The buyer, a private investor, will open a new Troy’s Burgers restaurant in the coming months.
SVP Paul Galmarini of Progressive Real Estate Partners represented the seller, a private investor. The buyer was represented by Adrian Trejo of Commercial Life.
The transaction was structured with seller carry financing, enabling the buyer to acquire the property with a lower initial equity requirement while securing a predictable income stream for the seller. The structure provided the seller with ongoing cash flow and optionality, including the ability to monetize the note in the future if desired.
“The combination of a high-visibility location and flexible financing made this a compelling opportunity for the buyer,” said Galmarini. “We continue to see strong demand for well-located drive-thru restaurant properties across Corona and the broader Inland Empire, particularly from owner/users seeking control of their real estate.”
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