Carrols Restaurant Group, Inc. (Nasdaq:TAST) announced that on June 11, 2019 it completed the acquisition of 13 BURGER KING® restaurants in the Baltimore, Maryland market.
Within the shops 4,500-square-foot retail space, Krispy Kreme will bring its iconic doughnut theater experience to life on the world stage.
The property is an outparcel to a mall located in Logan, Utah and is leased to the corporate tenant under a triple net lease with approximately 5 years of term remaining.
The five newly acquired properties are under a single, triple-net master lease which includes eight other Red Lobster properties previously acquired by FCPT in November 2017 and December 2018.
Fast-casual restaurant brand employs more than 125 corporate team members locally in San Diego
Popeyes Louisiana Kitchen Inc. last week announced an agreement to open Popeyes restaurants in Spain with the aim of becoming the market leader.
The property is located in Illinois and is leased to the corporate operator under a double-net lease with approximately 3 years of term remaining.
The first of three locations will open at King I located at 1800 Diagonal Road, in Alexandria, VA in October 2019; followed by a location at 2311 Wilson Boulevard in Arlington, VA in November 2019, and 200 State Street in Boston, MA at the end of the year.
Taco Bell is continuing its major global expansion with the signing of its largest master franchise agreement in India, as well as unveiling new international markets for the brand.
The latest funding comes as MOD posted $398 million in system-wide sales and added 102 new locations in 2018. MOD has now raised approximately $339 million of equity to date.