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Updated over 1 year ago on . Most recent reply
![Todd Stender's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2703649/1679678642-avatar-todds331.jpg?twic=v1/output=image/crop=554x554@161x146/cover=128x128&v=2)
We Closed Our Deal! Popeyes in Kansas City
Investment Info:
Retail buy & hold investment in Raytown.
Purchase price: $1,610,000
Cash invested: $1,610,000
We own the real estate of a Popeyes drive-thru - under a 10-year triple-net lease in Kansas City, MO.
High traffic count, across the street from a Walmart, 5 miles from Arrowhead Stadium. Say no more!
What made you interested in investing in this type of deal?
Simple to understand. Predictable monthly income from recession-resistant business.
How did you find this deal and how did you negotiate it?
I look at QSR deals every day. This one was very unique.
How did you finance this deal?
I raised capital from limited partners. All equity, no debt.
How did you add value to the deal?
Using my expertise in uncovering a hidden gem in plain site.
What was the outcome?
We closed on time!
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