CHICAGO, IL – January 18, 2019 – STREAM Capital Partners, LLC, a national net lease and sale leaseback advisory group, has negotiated the off-market, three-unit sale and leaseback of Captain D’s in Louisiana and Georgia.
The leases are structured as 20-year NNN master leases with a corporate guarantee. Adam English and Adam Baxter of STREAM Capital Partners represented the sellers on the transactions.
“We executed this off-market portfolio sale-leaseback with an institutional buyer to close simultaneously with the franchisee’s acquisition of the business. The biggest challenge was the tight timeline but were able to get it closed in record time,” said English.
Baxter added, “Our client is the largest franchisee in the Captain D’s system with 35 units and growing; their strong backgrounds in financing and restaurant operations can be credited for their success.”
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