"Essential Properties Realty Trust paid a combined $10 million for the four Bay Area restaurant sites, the real estate documents show. The sales were all formally completed on Jan. 26 with the filing of several grant deeds. We acquire, own and manage single-tenant properties that are net leased to middle-market companies operating in service-oriented or experience-based businesses, Essential Properties Realty Trust states on its website."
"SAN JOSE East Coast real estate investors who seek to own small-business properties have bought several restaurant sites in the South Bay and East Bay, consisting of Denny's and Keke's dining spots. The just-bought properties include Denny's restaurant locations in San Jose, Gilroy and Pleasant Hill and Keke's Breakfast Cafe in Sunnyvale, according to property records in Santa Clara County and Contra Costa County."
Essential Properties Realty Trust acquired four Bay Area restaurant properties for a combined $10 million, with the transactions recorded in Santa Clara and Contra Costa counties. The purchases closed on Jan. 26 with grant deeds. Acquired sites include a Denny's at 1015 Blossom Hill Road in south San Jose ($4.7 million), Keke's Breakfast Cafe at 311 South Mathilda Ave. in Sunnyvale ($1.9 million), a Denny's at 8425 San Ysidro Ave. in Gilroy ($1.7 million) and a Denny's at 612 Contra Costa Blvd. in Pleasant Hill ($1.7 million). The company focuses on single-tenant, net-leased, service-oriented and experience-based businesses.
Read at www.mercurynews.com
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