Susan Caratan 2011 Trust Acquires Dairy Queen Retail Property In Alice From R&L Lozano Leasing

The property asset is a 2,608-square-foot retail space located at 1179 East Main Street in Alice. It has been occupied by Dairy Queen for over 30 years, and it is now under a 20-year triple-net lease featuring 2% rent bumps every five years. The transaction involved the sale-leaseback of the property from R&L Lozano Leasing to Susan Caratan 2011 Trust.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Address: 1179 East Main Street
• Market: Alice
• Square Footage: 2,608
• Buyer: Susan Caratan 2011 Trust
• Seller: R&L Lozano Leasing
• Buyer's Representative: David Bynum - Bynum Inc
• Seller's Representative: Garrett Wood - Hanley Investment Group

The transaction was facilitated by Hanley Investment Group, highlighting their role in the arrangement between the buyer and seller. The seller, F&P Development, is the owner of 34 Dairy Queens, indicating a larger investment portfolio in the area.