Birmingham, AL, January 05, 2015 --(PR.com
)-- STREAM Capital Partners ("STREAM"), a boutique net lease and sale leaseback advisory group, recently advised the seller, a family office, on the sale of a portfolio of 18 KFC properties. The properties, all in Alabama, are under long term triple net leases to a franchisee of KFC.
The seller was a family office that structured an initial sale leaseback of the properties with the tenant. The buyer was a public REIT. The price was $23.3 million. Adam English, Jonathan Wolfe and Jordan Shtulman, of STREAM Capital Partners, advised the seller on the transaction.
English commented about the sale that, "This transaction enabled the seller to take advantage of a strong net lease market and settle some of his estate planning. There were some challenges to the transaction, mainly that rents were at the upper end of market, however, the lease structure with annual rent increases, was attractive to the buyer."
Wolfe added that he "Thinks more and more franchisees will continue executing sale leasebacks," but, he noted, "it's important for buyers to think about their exit strategy on the front end and to structure the lease(s) with this in mind."
STREAM Capital Partners (www.stream-cp.com) is a boutique net lease and sale leaseback advisory group. The group focuses exclusively on representing buyers and sellers of net leased properties across the country and on structuring and executing sale leaseback transactions for owners of commercial real estate.