Ryan Kress, managing director of the Scottsdale, Ariz.-based company, said Franchise Capital Advisors is representing the current owner that control the properties, which he described as "a large restaurant franchisee with a small independent c-store-gas brand."
Kress said the properties currently have permit [image-nocss] designations of c-store/QSR co-brands. He told CSP Daily News, "Most of these are parcels that were to be developed by the company, but capital constraints are preventing them from doing so."
Although specifics on the sites were not immediately available, the site locations are:
Arizona QSR Sites: Glendale and 101, Glendale. Germann and Gilbert, Gilbert. I-10 & Warner, Tempe. Hwy 69 & Sundog, Prescott Valley. Stockton Hill, Kingman. 20th Stree, Safford. I-10 and Wilmot, Tucson. I-40, Winslow. Yuma and Cotton, Buckeye. Bell and Grand, Surprise. I-8 and U.S. 85, Gila Bend. Queen Creek and Ocotillo, Queen Cree. 75th Ave and Lower Buckeye, Phoenix.
Texas QSR Sites: 1604 and Culebra (Alamo Ranch), San Antonio. Commerce and Gen McMullen, San Antonio. Loop 410 and Hwy 151, San Antonio. 410 and Valley Hi, San Antonio.
Arizona QSR/Gas Station Combo Sites: SR 95 and I-10, Quartzsite. 75th Ave and Lower Buckeye, Phoenix. 51st Ave and Southern, Phoenix. Priest and Broadway, Tempe. I-10 and Baseline, Guadalupe.
Sublease Other (Kress described these sites as a "smaller pads designated for a standalone QSR or other retail purpose"): Lake Pleasant and Happy Valley, Peoria.
Scottsdale, Ariz.-based Franchise Capital Advisors is a boutique investment banking and specialized financial advisory firm concentrating on mergers and acquisitions, monetization of real estate through sale-leasebacks, debt and equity placement, divestiture, recapitalization, debt restructuring and a number of other services. According to its Web site, the company has collectively completed over $3.5 billion of financing to help customers accomplish their goals. The company's listed clients include Taco Bell, Long John Silver's, A&W, Sonic, Pizza Hut, Popeye's, Arby's and Pollo Campero.
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