Secure Properties, a real estate investment firm specializing in net lease properties, announced it has closed the acquisition of a 12-property portfolio of Burger King locations in Georgia and Alabama. The total purchase price for the portfolio was about $20 million.
These properties are strategically located in high-traffic retail corridors and are 100% leased to 4 tenants. And 8 of the locations are leased to independent operators, while the remaining four are leased directly to Burger King Corporation. Plus, each property is subject to a long-term, triple-net lease, ensuring a stable and consistent income stream.
This deal enhances Secure Properties’ growing portfolio of commercial real estate investments nationwide. And the firm specializes in acquiring and managing properties with reliable tenants and long-term lease commitments, focusing on net-leased retail and industrial assets.
KEY QUOTE:
“We are thrilled to expand our portfolio with this strategic acquisition. This transaction provides us with high-quality, income-generating assets that will contribute to our continued growth. We are committed to further expanding our portfolio through similar acquisitions and strengthening our partnerships with operators across the U.S.”
- Brian Mansouri, Managing Principal of Secure Properties
