The restaurant offers real estate market

LAS VEGAS-

several recent transactions in which there are indications, at least some properties of fast-food restaurant are able to find the capital market. Two companies have secured Del Taco in Las Vegas Real Estate has recently traded hands, totaling 3.75 million US dollars, or about $ 731 for a square meter, the last all-cash offer. Although the properties were built between 1999 and 2001, have signed new long-term triple-net leases, according to Irvine, CA-Faris Lee Investments. Faris is Dennis Lee and Matthew Vaccaro Mousavi representative of the vendor, Innovative Property Partners, LLC and Vision Partners LLC. Buyer, Arizona-based Family Trust, was represented by Marcus and Millichap Real Estate Investment Services. “Faris Lee's marketing strategy was the best locations in addition to the functions of both Del Taco in the center of a newly signed 20-year absolute NNN corporate lease secured, to provide investors long-term security of income and virtually no management” Vaccaro in a statement. “The properties of the synergies of a strong anchor tenants of neighboring created anywhere in the supply.” Although the buyer is not with Exchange 1031 under the pressure of deadlines, closed the transaction quickly, Treuhandservic 20-dayLeasing, Inc. closed on the sale-leaseback of six properties Sonic Corp. and related companies. Properties located in Oklahoma and Texas. Broadstone Net Lease is a private REIT in 2007, currently has 43 properties. Meanwhile, created the world's franchised restaurants, Scottsdale, AZ-based GE Capital, Franchise Finance announced this week that on the basis of the $ 4 – RDSL one million credit for the purchase and development of seven Jack Box franchise restaurants in the Dallas market . RDSL was founded by four franchisees and GE Capital, which has now operates 19 Jack in the Box units in Dallas and Southern Oklahoma. “I would not say it gets in the trade as” re not very easy to finance, “Jonathan Hipp, president and CEO of Reston, VA based Calkain Cos., said the quick service restaurant properties added. However, added, they act when it is at a higher price cap than a few years ago. “What are 7 to 8.5 from 9.5,” he adds. What's more, there is a market return of the distinction between corporate and lesser franchisees, a distinction which has virtually disappeared when the fast-growing market. “This is definitely a distinction today, but then there is very littlets that the four property portfolio of casual dining a few weeks of the closing and other property in the Casual Dining letter of intent. Without the support of the few loan, say, McDonald's, real estate, distribution units and operator of record, ultimately, how these features will be evaluated today. “Some of them are driven by the location of the restaurant, and turnover,” says Hipp, “and then runs to a power operator.” By Michelle Napoli

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2010
01/19
 
 
CATEGORY
Finance
 
 
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