Rancho Cucamonga, CA – October 3, 2023 – Senior Retail Specialist Albert Lopez of Progressive Real Estate Partners represented the landlord in a 15-year ground lease with KFC for an approximately 3,273 sf drive thru restaurant at 1851 East G Street in Ontario, California. The property is at the intersection of the I-10 freeway and Vineyard Avenue with visibility to over 270,000 cars per day and is adjacent to a high volume In-N-Out Burger that is currently undergoing a major expansion and remodel including adding a double drive-thru and outdoor patio. Charlie Cangelosi with Irish Commercial represented KFC in the transaction.
KFC has already commenced construction and is renovating the building to reflect the brand’s most current prototype and is expected to open by mid-2024. The franchisee, Restaurant Brands, is the largest KFC operator in Southern California with 70+ locations.
Well known for their menu of finger lickin’ good food , KFC has been serving their Original Recipe fried chicken since 1952 using the recipe perfected by Colonel Harland Sanders. The popular chain has grown to over 28,000 restaurants in more than 150 countries and territories around the world and is a subsidiary of Yum! Brands (NYSE: YUM). Their menu also features a variety of delicious homestyle sides, chicken nuggets, tenders, mac & cheese bowls and fries.
In addition to the freeway proximity, the property is conveniently located minutes from the Ontario International Airport, Ontario Convention Center and over 2,500 hotel rooms. Within a 5-minute drive there is a daytime population of over 29,000 employees and an overall population of 81,692 with an average household income of $74,149.
According to Lopez, “The property’s prime location, coupled with the neighboring In-N-Out Burger’s expansion, made it an ideal spot for KFC’s growth in the area and we look forward to their opening in 2024.”
Albert Lopez specializes in the leasing and sale of retail properties in SoCal’s Inland Empire. For more information about this transaction OR to learn more about other opportunities you can reach Albert Lopez at 909.900.8922 | firstname.lastname@example.org.
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire market. The office is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,200 lease and sales transactions valued at more than $1.8B in 35+ cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their commercial real estate goals.