LONGTIME FREDDY’S OPERATOR TESTS THE MARKET

Client Profile:

34-unit franchisee wished to take advantage of record-low cap rates, and maximize the value of their real estate.

Strategy:

Century Partners was engaged to perform an evaluation of an 40-unit portfolio segment. After examining the portfolio performance, Century Partners advised the client to sell four of its high-quality Midwest Freddy's locations.

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.

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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. 

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Outcome:

  • Following sale of the under-performing industrial property.
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