Investors Eating Up Fast Food Properties


The appetite for fast food restaurants continues with sales of such properties on pace again this year to exceed more than $1.2 billion as they did last year. Those amounts top the combined totals for 2010 and 2011.

In the latest major acquisition, Centre Partners, a leading middle market private equity firm, acquired Captain D’s Holding Corp. a leading national chain of 521 seafood-themed fast-casual restaurants in 26 states. Terms of the private transaction were not disclosed.

Captain D’s senior management team will own a significant stake in the business and continue to serve in their current roles. The seller was Sun Capital Partners Inc.

In another notable set of deals that closed just before this past Thanksgiving, an entity affiliated with New York-based American Realty Capital Trust V Inc. purchased and leased back at least 18 Youngstown, OH and Cleveland-area Burger King restaurants for a total of $28.66 million, averaging $1.59 million per eatery.


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