CrownPoint Partners Successfully Facilitates $2.09 Million Burger King Sale in Philadelphia

Successful Closure of a Burger King Sale in Philadelphia

CrownPoint Partners has successfully brokered the sale of a Burger King located at 411 Oregon Avenue in Philadelphia, Pennsylvania, for a total of $2,090,000. This significant transaction has once again demonstrated the firm's robust presence in the commercial real estate market, particularly regarding essential-service retail locations.

Representing both the buyer and the seller in this transaction were Managing Partners Julius Swolsky and Shannon Bona. The property is currently under a new fifteen-year ground lease to Burger King, which guarantees the buyer a steady, passive income stream. Positioned along one of South Philadelphia's busiest corridors, the site enjoys excellent visibility and is surrounded by a dense population, enhancing its attractiveness to investors.

CrownPoint Partners' adept marketing strategies resulted in receiving multiple qualified offers, generating a competitive bidding environment. This ultimately led to securing an all-cash buyer at a price that notably exceeded the initial listing. The firm meticulously ensured that all interested parties were thoroughly vetted through an extensive interview process, which allowed for a seamless escrow experience devoid of any unexpected complications. Remarkably, the entire transaction was concluded in under 45 days.

Julius Swolsky commented, "This transaction highlights ongoing investor enthusiasm for essential-service retail tenants like Burger King. Quick Service Restaurant (QSR) assets located in high-density areas continue to attract investors seeking stable long-term returns."

Shannon Bona added, "Every transaction is an opportunity to deepen our client relationships and deliver exceptional results. We originally represented the legacy owner when they sold this asset, and we've cultivated the trust needed to facilitate the current sale. This success reflects our ability to navigate challenges while maintaining strong client partnerships."

The sale underlines CrownPoint Partners' proficiency in structuring and executing retail investment transactions across the United States. Their client portfolio ranges from private developers to institutional investors and those involved in 1031 exchanges. With offices located in West Palm Beach, Florida, and Newport Beach, California, CrownPoint Partners stands as a national leader in real estate brokerage and advisory services.

The firm specializes in net lease and sale-leaseback transactions, led by industry veterans who utilize their extensive experience in investment sales, development, and institutional banking to offer tailored solutions. Their commitment to consistency, transparency, and responsible investment practices is evident in the partnerships they build and the long-term financial goals they help their clients achieve.

In conclusion, the recent sale of a Burger King in Philadelphia illustrates the vitality of essential retail sectors and CrownPoint Partners' burgeoning expertise in this field, paving a promising path for future endeavors within the commercial real estate landscape.