Generational Asset in Los Angeles Sold | Proceeds Used to Purchase Three Wendy’s in Three States

Client Profile:

Private west coast family.

Strategy:

Client wanted to sell one asset and diversify into three different assets located outside California.

Outcome:

Client now owns three single-tenant Wendy’s properties located in three different states, each with 20-year lease terms instead of the 5-year term of their previous property. Additionally, the client was able to increase their cash flow.

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Sale-Leaseback

LONGTIME FREDDY’S OPERATOR TESTS THE MARKET

Outcome:

Century Partners marketed both of the assets and they were quickly sold to private 1031 exchange investors. Four properties were sold at record-low cap rates, with an average cap rate of 4.59%, and a total consideration of $13.7 million.

Generational Asset in Los Angeles Sold | Proceeds Used to Purchase Three Wendy’s in Three States

Outcome:

Client now owns three single-tenant Wendy’s properties located in three different states, each with 20-year lease terms instead of the 5-year term of their previous property. Additionally, the client was able to increase their cash flow.

1031-Exchange

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