Huge U.S. Portfolio Sale Includes 3 Central Florida Eateries

Church’s Chicken, 2,702 square feet on 0.6 acres at 6234 W. Colonial Drive in west Orlando

Tommy Addison’s, 4,516 square feet on 1.7 acres at 4120 S. Orange Ave. in southwest Orlando

Popeye’s Chicken, 2,242 square feet on 1 acre at 5760 S Orange Blossom Trail in west Orlando.

American Realty Capital Properties spent $774 million to buy the 447 properties mainly used by restaurants from General Electric Co.’s (NYSE: GE) finance arm, according to an earlier report by Bloomberg News. The buildings involved in the sale mostly were leased to national fast-food chains, including Arby’s, Burger King, Taco Bell and Wendy’s, Bloomberg reported. ARC CafeUSA001 also bought the 7,340-square-foot Great China Super Buffet at 909 W. Vine Street in Kissimmee for $516,315 from CNL APF Partners LP on July 31, Osceola County and state records showed. This sale appears to be unrelated to the portfolio deal.   Source:  OBJ]]>