April 28, 2021

STREAM Capital Partners Arranges $29 Million Sale Leaseback of 9-Property Quick Service Restaurant Portfolio in Texas

CHICAGO, IL – April 30, 2021 – STREAM Capital Partners, LLC, a leading international sale-leaseback advisory firm, has arranged the sale and leaseback of a portfolio of nine quick service restaurants in Texas.

The nine restaurants are operated by the Palenque Group, specifically by its Taco Palenque®, Pollo Palenque®, and Palenque Grill® brands. Operating 34 locations throughout the state of Texas, the Palenque chain is South Texas’s favorite Mexican fast casual chain, serving thousands of customers per year. The Palenque Group was founded by Juan Francisco Ochoa, known as “Don Pancho”, who first began his journey into the restaurant business in 1975 with the creation of El Pollo Loco®. The company will use the proceeds from the sale leaseback transaction to facilitate future growth and continue to expand its restaurant footprint.

Chelsea Mandel of STREAM Capital Partners represented the seller in the transaction. Mandel said of the transaction “This was a great outcome for my client who will use the proceeds to prepare for continued expansion of their brand and open new store locations. And the buyer is adding to its portfolio nine QSR properties leased on a long-term basis to a best-in-class operator in the Mexican fast casual space. It’s a nice deal for everyone.”

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