MIAMI (November 21, 2019)—Tiktin Real Estate Investment Services (TREIS), a leading commercial real estate investment sales brokerage firm, has been named the exclusive sales agent for a national property portfolio, comprising seven Applebee’s® and two IHOP® locations within New Mexico, Kentucky, Missouri, Illinois, Tennessee and Mississippi. The portfolio is owned by Andy Patel, principal of a multi-franchisee group which has been involved in the restaurant business for nearly 30 years. Adam J. Tiktin and Alejandro Snyder of TREIS have listed the portfolio on behalf of the Seller for a combined total of $17,823,082. These properties may be purchased separately or as a portfolio.
All Applebee’s and IHOP locations will be sold with new 15-year absolute NNN leases with built-in 10 percent increases every five years and four (4) five-year options to renew.
The locations are all situated within major retail corridors with excellent traffic counts and surrounding retailers.
For more information, please call 305-363-4750 or 844-4-TIKTIN or visit www.tiktinrealestate.com.
About Tiktin Real Estate Investment Services
Tiktin Real Estate Investment Services (TREIS) is a South Florida-based commercial real estate investment sales brokerage firm specializing in the sale of shopping centers and office buildings in Florida and single-tenant net lease properties nationally. Founded in 2001 by industry veteran Adam J. Tiktin, TREIS is committed to a higher level of service and an unmatched standard of integrity. The investment sales firm is distinguished by its personalized approach, transactional expertise, comprehensive market analysis and aggressive strategies. www.tiktinrealestate.com.