TAMPA, FL—Triple net lease opportunities are hard to come by these days, but Calkain is marketing three portfolios. The trio of portfolios, which include Applebee’s, Circle K, and Fred’s Stores, is valued at more than $65 million.
“There’s currently a severe lack of inventory for net lease properties,” David Sobleman, executive vice president at Calkain, tells GlobeSt.com. “That’s mainly due to the fact that investors are looking for some sort of passive income on their cash at higher rates than the bank pays.”
The Applebee’s portfolio includes nine restaurants, which can be sold individually. The restaurants are located through the Orlando and Central East Coast Florida markets. Each site has a brand new, 20-year triple net lease. The individual sites are priced between $2 million and $3 million.
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