NEW YORK–(BUSINESS WIRE)–Secure Properties, a leading real estate investment firm specializing in net lease properties, has successfully closed the acquisition of a 12-property portfolio consisting of Burger King locations in Georgia and Alabama. The total purchase price for the portfolio was approximately $20 million.
The properties are strategically located in high-traffic retail corridors and are 100% leased to four tenants. Eight of the locations are leased to independent operators, while the remaining four are leased directly to Burger King Corporation. Each property is subject to a long-term, triple-net lease, ensuring a stable and consistent income stream.
“We are thrilled to expand our portfolio with this strategic acquisition,” said Brian Mansouri, Managing Principal of Secure Properties. “This transaction provides us with high-quality, income-generating assets that will contribute to our continued growth. We are committed to further expanding our portfolio through similar acquisitions and strengthening our partnerships with operators across the U.S.”
This acquisition enhances Secure Properties’ growing portfolio of commercial real estate investments across the country. The firm specializes in acquiring and managing properties with reliable tenants and long-term lease commitments, with a particular focus on net-leased retail and industrial assets.
About Secure Properties
Secure Properties specializes in the investment and management of operationally essential, single-tenant, triple-net leased real estate across a variety of geographies and industries. Today, the company owns and manages approximately $1.4 billion in real estate across more than 400 properties.
