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| Debra L. Franklin |
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| Justin R. Sturdivant |
“The sale of the new
construction Taco Bell brought its own unique challenges," said Franklin.
"Within weeks of bringing the opportunity to the market, the investment went under contract with an exchange buyer based in NYC; however, buyer’s down leg closing, despite hard deposits, was negatively impacted by COVID-19."
"Within weeks of bringing the opportunity to the market, the investment went under contract with an exchange buyer based in NYC; however, buyer’s down leg closing, despite hard deposits, was negatively impacted by COVID-19."
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| Luke Sherlock |
Umatilla is known as the Gateway to the Ocala National Forest in northern Lake County part of central Florida and considered to be a smaller market.
The corner site out positioned the competition and continues to post strong sales performance even with mandated dining room closures, thanks to its outstanding operator and their strategic growth strategy with the #4 TACO BELL Brand according to the recently published QSR 50/2020 – “capable of irreverent stunts in the middle of the pandemic.”
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| Taco Bell - Umatilla, FL, 356 North Central Avenue, Umatilla, FL. |
The buyer, a Florida limited
liability company, was secured and represented by Luke Sherlock.
CONTACTS:
Ryan Nee
Vice
President
and Regional Manager
Miami, FL
(786)
522-7000
Ocea Huggins
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Acting Operations Manager – Miami
Operations Manager – Orlando and Jacksonville
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