Westmount HealthCampus.

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Charlie Corson, founder and CEO of Dallas-based Centric, says heheard the ground-leased pads were coming to market and immediatelyput in an offer to locally based Westmount Realty Capital LLC,which owns the five-acre tract as WRC Central Forest LP. "Theunderlying land is valuable and will certainly be more valuable inthe future for redevelopment," he tells GlobeSt.com. Therestaurants, all built since 1998, have 750 feet of frontage alongNorth Central Expressway in addition to its Forest Lane access.

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Corson says the billboard purchase, which is a rarity, was amust-have. "I wanted to control it," he stresses, "because there isa redevelopment opportunity way out in the future." He says therestaurant chains' ground leases for the ground-up quintet wereinked with 20-year terms and several options to extend.

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The largest building is KFC, which has Pizza Hut and Taco Bellin the 4,778-sf structure at 8001 Forest Lane. Whataburger'sbuilding at 11880 N. Central Expressway totals 3,330 sf. The othersare Burger King in a 3,240-sf structure at 11830 N. CentralExpressway; Popeye's, 2,357 sf at 8835 Forest Lane; and Sonic's1,457-sf eatery at 8045 Forest Lane.

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Corson won't discuss the size of the offer that he put beforeWestmount's Cliff Booth to win the deal. "You've got an educatedseller," he says, "and a seasoned buyer." And, he adds that it wasa smooth transaction with buyer-seller expectations out in the openand aligned.

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"The opportunity to purchase that much beachfront at such anotable intersection made it very attractive to us," Corson says ina press release. Newt Walker, an independent broker in Dallas,represented buyer and seller.

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