Applebee’s Portfolio Sold by Calkain Companies at Industry Low Cap Rate
Tampa, FL – July 23, 2013 – (RealEstateRama) — Calkain Companies’ proprietary net lease investment disposition services garnered one of this year’s aggregate low returns for a portfolio of franchise operated restaurant properties. This was demonstrated in Calkain Companies’ recent closing of the ninth and final property in a Florida Applebee’s portfolio sale. David Sobelman, Calkain’s Executive Vice President, exclusively represented the Seller in the nine (9) transactions which equated to a total sale price of ~$23,000,000. Sobelman commented, “Having the critical mass in which to give today’s investor a choice in the geography of their investment allowed investors to choose an asset that best fits their criteria.