#United States #Jacksonville #Wendy's #CrownPoint Partners

CrownPoint Partners Achieves Remarkable Success with Wendy's Property Transactions

In a remarkable showcase of expertise, CrownPoint Partners has successfully executed two separate real estate transactions involving Wendy's locations in Jacksonville, Florida, in a swift timeframe of less than 90 days. Together, these noteworthy deals amount to a whopping $4 million in total transaction volume.

The first transaction comprised the sale of a Wendy's property for $2.2 million, which took place in late spring. This off-market deal was sourced and facilitated by CrownPoint Partners, which adeptly represented both the seller, a private investor based in Virginia, and the buyer, a developer located in Florida. Notably, both parties were repeat clients of CrownPoint Partners.

The Wendy's property is underpinned by a secure absolute net lease with approximately 12 years remaining and operates under the renowned Meritage Hospitality Group. Its strategic location as an outparcel to Oakleaf Town Center, which is anchored by major retailers like Target and The Home Depot, further enhances its value.

Shannon Bona, Managing Partner and Co-Founder of CrownPoint Partners, emphasized the significance of this transaction. He stated, "This deal exemplifies the value we generate through our strong relationships on both sides of the transaction. Since both the buyer and seller are familiar clients, we understood their goals and successfully connected the right parties for this beneficial off-market deal."

The second transaction, valued at $1.8 million, involved a vacant Wendy's property that was formerly operated by the same entity, Meritage Hospitality Group. CrownPoint Partners once again represented both the buyer and seller, ensuring a smooth transaction for another repeat client.

Bona remarked, "Executing two transactions in the same market within just 90 days speaks volumes about the depth of our relationships and our capacity to cater to diverse investment profiles."

Factoring in both transactions, CrownPoint Partners has successfully navigated a total of $4 million in investment sales, showcasing their capabilities in handling complex deals involving both occupied and vacant properties in prime markets nationally. The success of these transactions also highlights the company’s ongoing commitment to maintaining strong relationships with their clients as they engage in acquisition and disposition processes in commercial real estate.

About CrownPoint Partners

CrownPoint Partners, a national real estate brokerage and advisory firm, operates out of West Palm Beach, Florida, and Newport Beach, California. The organization is spearheaded by industry leaders Julius Swolsky, Shannon Bona, and Don Bingham, who are recognized experts in the fields of Commercial Real Estate and Sale-Leaseback transactions.

Utilizing decades of experience across investment sales, development, and institutional banking, CrownPoint Partners offers their clients a wide range of services that accompany each stage of the investment journey. Their extensive client base comprises Real Estate Investment Trusts (REITs), institutions, private equity firms, developers, business owners, and private investors.

CrownPoint's specialty platforms in Net Lease Investments and Sale-Leasebacks offer tailor-made solutions, focusing on investment sales, acquisitions, corporate expansions, value optimization, and unique capital unlocking methods. The company's commitment to consistency, transparency, and socially responsible investment practices reflects its dedication to forming lasting partnerships and assisting clients in achieving their long-term financial aspirations. For more information, visit www.crownpoint.co.