#United States #Checkers #Auburndale #CrownPoint Partners #Scooters Coffee

Recent Sale in Auburndale: Checkers & Scooter's Coffee

CrownPoint Partners recently announced the successful sale of a dual-tenant property featuring Checkers and Scooter's Coffee in Auburndale, Florida. This significant transaction underscores the strong demand for quick-service restaurant properties, particularly those offering drive-thru services, and exemplifies CrownPoint's role in identifying lucrative opportunities in the real estate market.

Overview of the Transaction

The sale was executed with remarkable efficiency, achieving 99% of its initial listing price. The success of this deal can be attributed to the strategic positioning of the property and the high level of interest from investors. CrownPoint Partners represented the seller, a private developer, leveraging its expertise to attract nearly a dozen competitive offers for the site.

The property consists of two newly-constructed drive-thru buildings that are strategically located on a single parcel of land, with each tenant operating under separate ground leases. This dual-tenant structure not only diversifies income streams but also significantly reduces long-term tenant risk—a key advantage for investors interested in net lease properties.

Advantages of the Dual-Tenant Property

Both Checkers and Scooter's Coffee are nationally recognized brands within the fast-food sector, benefiting from the growing consumer preference for convenience in dining. The drive-thru architecture enhances operational efficiency, ensuring the property can adapt to shifting retail dynamics. According to Shannon Bona, Managing Partner and Co-Founder of CrownPoint Partners, "The dual-tenant structure provided a compelling investment opportunity mitigating long-term risk for investors by having two distinct tenants with varying lease expirations."

Moreover, the property is excellently located along Magnolia Avenue, which boasts a traffic count exceeding 40,000 vehicles per day. Its proximity to a dense mix of industrial and residential areas in the Auburndale and Lakeland markets makes it an even more attractive investment opportunity.

Market Implications

The successful closing of this sale highlights CrownPoint Partners' ability to create and capitalize on unique net lease opportunities. The transaction is not just a reflection of the specific interest in the properties sold, but also serves as an indicator of broader trends in the quick-service restaurant sector. Investors are increasingly attracted to properties that combine strong brands with optimal operational formats.

This sale is particularly relevant as it comes at a time when market dynamics are shifting, with consumers increasingly valuing speed and convenience in dining options, necessitating a strong focus on properties that facilitate drive-thru access. As quick-service restaurants continue to thrive, investment in such dual-tenant configurations will likely remain a priority for investors.

About CrownPoint Partners

CrownPoint Partners is a nationally recognized real estate brokerage and advisory firm with offices located in West Palm Beach, Florida, and Newport Beach, California. The firm, led by real estate experts Julius Swolsky, Shannon Bona, and Don Bingham, specializes in net lease and sale-leaseback transactions. Their extensive experience in investment sales, development, and institutional banking positions them uniquely to provide strategic guidance to clients at every stage of their investment journey. CrownPoint Partners serves a diverse client base, including REITs, institutional investors, private equity firms, and individual business owners seeking innovative solutions for investment sales and acquisitions.

For more information about CrownPoint Partners and their offerings, visit CrownPoint Partners.

Conclusion

Investors looking for promising opportunities should pay attention to the evolving landscape of quick-service restaurants and the favorable market conditions suggested by the recent transactions like that of Checkers and Scooter's Coffee. With a track record of successful dealings, CrownPoint Partners is well-positioned to guide both sellers and buyers through the complexities of the real estate market.