Bull Realty Brokers $2.6 Million Hooters in Columbia, SC

COLUMBIA, S.C. - Sept. 3, 2015 - PRLog -- Bull Realty recently brokered the sale of a corporate operated Hooters in Columbia, SC.  The sale closed on August 7, 2015 for $2.6 million at an 8.2% cap rate.  The 5,793 square foot property has 10 years remaining on a 20-year triple net corporate guaranteed lease.

Nancy Miller, SVP and Will Jackel, VP of Bull Realty’s National Net Lease Investment Group represented the seller and brokered the transaction.  The seller is completing a 1031 exchange and plans to leverage the sale to purchase two new net lease properties.  This was the third Hooters that the buyer, Columbia Owls, LLC has acquired.

Miller said, “There was a lot of interest in this property due to the aggressive cap rate, quality tenant and outstanding location…we received an astounding 9 offers.”

Bull Realty, Inc. (www.BullRealty.com) is a U.S. commercial real estate brokerage and advisory firm headquartered in Atlanta, licensed in nine states providing acquisition, disposition, leasing and advisory services. The firm also produces and hosts the nationally-syndicated Commercial Real Estate Show (www.CREshow.com). The popular weekly show is broadcast on 40 radio stations nationwide, iTunes, YouTube and CREshow.com.

Bull SC License #57796 BIC