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| Hooters, Columbia, SC |
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| Nancy Miller |
ATLANTA, GA (Sept 3, 2015)
—Bull Realty recently brokered the sale of a corporate operated Hooters in Columbia, SC. The sale closed on August 7, 2015 for $2.6
million at an 8.2% cap rate.
The 5,793
square foot property has 10 years remaining on a 20-year triple net corporate
guaranteed lease.
Nancy Miller,
SVP and Will Jackel, VP of Bull
Realty’s National Net Lease Investment Group represented the seller and
brokered the transaction.
The seller is
completing a 1031 exchange and plans to leverage the sale to purchase two new
net lease properties. This was the third
Hooters that the buyer, Columbia Owls, LLC has acquired.
Miller said, “There was a
lot of interest in this property due to the aggressive cap rate, quality tenant
and outstanding location…we received an astounding 9 offers.”
For a
complete copy of the company’s news release, please contact:
Melissa Henry
Communications Associate
Bull Realty, Inc.
50 Glenlake Pkwy, Suite
600
Atlanta, GA 30328
404-876-1640 x 110
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