CBRE Sells 29 Restaurant Properties, Market briefs

HOUSTON – CBRE Capital Markets has arranged the sale of 29 restaurant properties for $23.3 million, on behalf of Phoenix-based VEREIT, Inc. during 2016.

CBRE’s Donna Kolius, Pierce Owens and Kaylie Walker have been marketing the portfolio since early 2016. The team specializes in the disposition of multi-market portfolios nationwide, which includes single-tenant net leased properties, sale-leaseback properties and portfolio offerings.

Tenants of the properties include franchisees of Pizza Hut, KFC, Long John Silver’s, Taco Bell, Golden Corral, and Schlotzky’s. The properties are located in 16 states including: Georgia, Illinois, Kentucky, Louisiana, Minnesota, Missouri, North Carolina, New Mexico, New York, Oklahoma, Ohio, Pennsylvania, Tennessee, Texas, Virginia and West Virginia. There are 14 remaining properties available for purchase.