Two Restaurants Trade in Triple Net SLB Deal

John Graber

ORLANDO—Two Arby’s properties in the Tampa, FL area just traded hands in a sale-leaseback deal. The total sales price: $3 million. Driven by the strong historical performance of both Arby’s locations and the demand from investors for single-tenant triple-net leased properties, the combined value of the transaction ended up nearly matching the asking price.

Franklin Street director Jonathan Graber and investment associate Joe Morrow, who specialize in retail properties throughout West and Central Florida, represented the seller of both Arby’s properties, a Georgia-based Arby’s franchisee. The properties were purchased as part of 1031 tax exchanges. Both deals included a brand new 20-year triple net lease signed by the seller.