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Wednesday, April 7, 2010

Triple Net Lease Popeye's

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Baltimore, MD - We would like to revisit an older transaction to use as an example of a Triple Net Lease Property transaction.
A Commercial Real Estate Investment firm, acquired a portfolio of four Popeye’s Chicken and Biscuits restaurants from two of the largest Popeye’s mid-atlantic franchisees. The franchisees were Essential Chicken, Inc. and B&T Foods, Inc.
These 2 Franchisees together own and operate 30 units in Maryland and in Delaware.

In connection with the financing, each of the properties is encumbered by a 20 year Triple Net Lease. The Seller utilized the proceeds to retire existing debt.
This is a great example of having Cash available. This approach having the availability of capital in tight credit markets and familiarity with the intersection between structured finance and real estate got this deal done quickly.

The Popeye’s Triple Net Lease Properties are a nice substitute to quick service restaurant such as Checkers/Rally’s, KFC, Taco Bell and Arby’s.

If you feel this is the right time to invest in a Triple Net Lease property then contact us, HERE to find it and/or your Mortgage to purchase it.

Commercial Real Estate
11420 U.S. Highway 1
North Palm Beach, FL 33408


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