The Silver Group Sells a Carl's Jr in Las Vegas

The Silver Group announced the sale of a Carl’s Jr. restaurant in Las Vegas, Nevada. The Property consists of a freestanding fast food building, with drive through lane. The tenant was a multi-unit franchise operator. The Property sold for $2,015,000 representing a 7.3% initial return to the investor. The Buyer was represented by Greg Cunha of The Silver Group and the Seller was represented by Colliers. “Greg identified several potential properties for his exchange client and was able to direct them into this new Carl’s Jr. The Buyer improved their cash flow and moved their equity into a management free investment”, according to Barry Silver.