TAMPA, FL—A 3,220-square-foot Burger King with a corporately-guaranteed ground lease has traded hands. The net leased asset sold for $1.2 million in an all-cash transaction.

Jonathan Graber and Rafeal Wright of Franklin Street represented both the seller and the buyer in the deal. Forge Capital Partners, a Tampa-based commercial real estate investment company, sold the property to an investor from Central Florida. The investor plans on holding the net leased property long-term as a passive investment.

“Burger King was under construction with its new prototype during the sale process,” says Wright. “Franklin Street was able to bring a buyer with an extensive existing portfolio who was willing to close within only days of contract execution. It was a win-win for both parties.”