Cameron Griffin and Gordon McLeod successfully represented the buyers in a 1031 exchange, facilitating the acquisition of two Net Leased Investment properties featuring Church’s Chicken Corporate backed franchise locations situated in Hammond and Slidell, Louisiana. These properties boast impressive capitalization rates and enjoy long-term absolute net ground lease agreements with little no owner responsibility. The buyers expressed immense satisfaction with the dedicated efforts of Cameron and Gordon, who efficiently identified and closed both properties within the designated 1031 exchange timeframe.
Sale Price: $1,333,000
Sale date: April 27th, 2023
For more information, please contact Cameron Griffin at 504.535.5680 or Gordon McLeod at 504.717.3648