ORLANDO—A seven-property Applebee’s restaurant portfolio has a new owner. Located primarily in Central Florida, the triple net leased retail assets traded for about $18.5 million. The sale price equated to a 6.93% aggregate capitalization rate.  

David Sobelman, Calkain’s executive vice president, led the sale and marketing aspects of the portfolio for the seller. Sobelman tells GlobeSt.com the deal was unique in that he found individual buyers for each retail asset rather than selling the portfolio in a single transaction.

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