Brauvin Acquires Five Wendy’s Restaurants
Brauvin Net Investments, LLC has acquired five Wendy’s restaurants in northern Indiana for an aggregate purchase price of $11 million. The properties were acquired through a sale/leaseback transaction with Meritage Hospitality Group. Meritage is the second largest operator of Wendy’s restaurants in the country and has over 300 units in 16 states. As part of the acquisition, Meritage executed long term leases with Brauvin. In addition, Meritage will be making significant additional investments in each of the properties.
“We are very pleased to establish a new relationship with Meritage Hospitality Group, one of the premier Wendy’s operators. We look forward to expanding our relationship with them” said James L. Brault, President of Brauvin.
Brauvin Net Investments is Brauvin’s 17th investment fund and owns 60 properties located in eighteen states throughout the country.