Have it Our Way: California Burger King Closes
 With multiple offers, Capital Pacific has closed on a brand new NNN Burger King, located in Dinuba, CA (a small, agricultural community near Fresno, CA). The property is a pad to a Wal-Mart and is adjacent to a Starbucks strip center nearing completion. The Seller was a California-based Burger King franchisee who operates approximately 80 units. The Buyer was a San Francisco-based investor who doesn't use email. Despite that fact, the transaction was smooth: 31-day escrow, ten basis points above asking price, all-cash. The remarkable thing about this closing is that there is really nothing interesting about it. Thanks to Capital Pacific’s transactional expertise it was smooth, quick, and painless. And that’s the way we like it. |