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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PORTFOLIO DIVERSIFICATION & EXCHANGE FOR WENDY’S OPERATOR

Outcome:

  • Disposed of a total of 17 Wendy’s properties.
  • Seven (7) properties transacted above $2.5M ($3.42M was highest on record for client).
  • The average cap rate across all transactions was 5.15%.
  • Seller used proceeds to exchange into primarily single-tenant net lease properties.

MATCHMAKING A DEVELOPER & FUZZY’S

Outcome:

  • TESTIMONIAL: Century Partners has been instrumental to my company’s growth. They introduced several developers who could assist in structuring a strategic new store rollout plan. They have helped me grow at a faster velocity than going at it alone and have allowed me to stay out of the time-intensive real estate component and focus on running a stellar operations company.