Sep
20
Consolidated-Tomoka Lands $15M Retail Portfolio
ByThe four-building, triple-net lease portfolio was acquired as part of a 1031 exchange.
Outback Steakhouse in Charlotte, N.C.
Daytona Beach, Fla.—Florida-based Consolidated-Tomoka Land Co. has recently announced the purchase of four single-tenant, triple-net lease properties in a leaseback transaction with Bloomin’ Brands Inc. The assets traded for a total of approximately $15 million.
The portfolio consists of three Outback Steakhouse restaurants located in Austin, Texas, Charlotte, N.C., and Charlottesville, Va., as well as another property in Austin, called Carabba’s Italian Grill…
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