 |
| Wendy's Winter Park, FL |
MIAMI, FL – Marcus & Millichap (NYSE: MMI), a leading
commercial real estate investment services firm with offices throughout the
United States and Canada, today announced it has obtained the exclusive listing
for a sale/leaseback portfolio of eight Wendy’s restaurants with
locations throughout Florida.
The portfolio is listed for $24,301,904. The properties may be purchased together or
separately.
Ronnie Issenberg, vice president investments, Gabriel
Britti, associate vice president investments, and Roee Ben-Moshe,
associate, all in Marcus & Millichap’s Miami office, are marketing the
portfolio on behalf of the seller, a limited liability company from Boca Raton,
Fla.
 |
| Ronnie Issenberg |
“Net-leased properties remain a target of commercial real
estate buyers as both a capital preservation vehicle and steady cash-flow
investment,” says Britti. “Assets with long-term, absolute net leases with
fixed rental increases are difficult to find, especially large portfolios of
quick-serve restaurants.”
At close of escrow, the existing Wendy’s operator will sign
a brand new, 20-year, absolute triple-net lease. The lease will include 7.5
percent increases every five years with four five-year options. The lease will
be absolute-net in nature, with no landlord responsibilities.
“Quick-serve restaurant properties feature recognizable
tenants and are typically located as outparcels to shopping centers in high
profile locations,” adds Issenberg.
The properties’ locations are:
· 365
University Park Drive, Winter Park, Fla.
· 2390 West
68th St., Hialeah, Fla.
· 8901 West
Commercial Blvd., Tamarac, Fla.
· 499 Florida
7, Margate, Fla.
 |
| Gabriel Britti |
· 3801 West
Broward Blvd., Plantation, Fla.
· 8200
Champions Gate Blvd., Champions Gate, Fla.
· 7693 East
Colonial Drive, Orlando, Fla.
· 2031 East
Oakland Park Blvd., Fort Lauderdale, Fla.
Interested investors
may contact Ronnie Issenberg, Gabriel Britti or Roee Ben-Moshe at (786)
522-7000.
For a complete
copy of the company’s news release, please contact:
Gina Relva
Public Relations Manager
(925) 953-1716
No comments:
Post a Comment