Car Wash, Chicken Restaurant's Pre-Leased Pads Sell For $6.9 Million In Murrieta

MURRIETA, CA — The Quick Quack business site in Murrieta has sold for $6.9 million, according to realtors. The two-tenant property features two separate, stand-alone pads over just under 2 acres at the corner of California Oaks Road and Jackson Avenue, the existing car wash and Popeyes Louisiana Chicken.

"The transaction closed before Popeyes commenced construction and opened for business," a spokesperson from Hanley Investment Group said in a recent media release. The buyer, a private 1031 exchange investor based in California’s Central Valley, was represented by Brendan Tyoran and Jake Linsky of Matthews Real Estate Investment Sales.

Hanley Investment Group’s Senior Vice President Sean Cox and Executive Vice President Bill Asher represented the seller, a private developer based in Orange County, California. He spoke on the land deal and how it transpired.

“We generated multiple qualified offers from California‑based buyers and ultimately procured an all‑cash 1031 exchange buyer from California’s Central Valley,” said Cox. “We strategically marketed the property, promoting Quick Quack’s rare upcoming 12% rent increase to help maximize value and secure premium pricing for the seller.”

The Car Wash operates under a 20‑year absolute triple‑net ground lease with approximately 17 years remaining, including 12% rental increases every five years and multiple renewal options. The Popeyes’ site will occupy 1,983 square feet under a new 20‑year absolute triple‑net ground lease with 10% rental increases every five years.

Popeyes is scheduled to start construction soon at the site, according to Cox.

"The store is not built and open yet, but Popeyes is paying rent. Both leases offer long‑term, sustainable rents and no landlord responsibilities, providing stable, predictable cash flow for the buyer," the release said. Meanwhile, Quick Quack Car Wash operates more than 300 locations across California, Arizona, Texas, Utah, Colorado, Oklahoma and Washington.

The company is a fully automated express car wash chain recognized as the nation’s No. 4 conveyor car wash operator in the 2025 Top 50 Conveyor Carwash Chains list published by Professional Carwashing & Detailing Magazine.

“Express car washes are one of the most profitable tenants in the net-lease sector,” said Asher. “With margins between 50% and 60%, the average location can be very profitable and withstand potential future economic challenges. As the category continues to expand, the market should see a notable increase in single-tenant net-lease car wash properties coming to market over the next 6 to 12 months.”

Hanley Investment Group has arranged the sale of $475 million in car-wash-occupied investments over the past five years, including eight Quick Quack sales in California in the last 18 months.

The much-anticipated Popeyes is one of the world’s largest chicken quick‑service restaurant brands with more than 4,000 restaurants in the U.S. and internationally. The tenant at this location is Milton Group, Inc., the largest Popeyes franchisee on the West Coast with 40 locations across California and Nevada. Milton Group has operated in the Murrieta trade area for more than 20 years and is relocating from a successful nearby location to the subject property.

The property is positioned at the signalized intersection of California Oaks Road and Jackson Avenue, which sees 52,000 cars per day and offers excellent visibility. The site benefits from immediate proximity to Interstate 15, located just one‑half mile south with 150,000 cars per day, and enjoys frontage along California Oaks Road, a major retail thoroughfare with 37,000 cars per day.