Successful Chili's Sale Leaseback
 Capital Pacific represented a growing TX based Chili’s franchisee in a unique sale leaseback transaction which closed last week. The tenant signed a 15-year ground lease which commenced at close of escrow, allowing them to retain ownership of the improvements. The buyer was a local restaurant operator who saw the investment for what it was: a compelling long term annuity at less than replacement cost, with the associated benefits of commercial real estate ownership. The lender in the transaction was also from the local area. |