Palenque Group Sells 9-Property QSR Portfolio In McAllen, Laredo, & Mission For $29M

A portfolio of 9 quick service restaurants in South Texas has been sold in a sale-leaseback transaction for $29 million. The properties, located in McAllen, Laredo, and Mission, were part of a retail asset type. The sale was facilitated by Stream Capital Partners, with Chelsea Mandel acting as the broker representative.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $29,000,000
• Units: 9
• Price per Unit: $3,222,222

Chelsea Mandel, from Stream Capital Partners, played a vital role in the sale of the 9-property QSR portfolio in South Texas. The seller, Palenque Group, entrusted their assets to Mandel, who successfully negotiated the sale for a total of $29 million.