McKinley Companies Announces Triple Net Acquisition in Florida Theme Park MarketMay 23, 2018
ORLANDO, FL. - The McKinley Companies announced today the acquisition of a Triple Net investment located in Orlando, Florida. This property is a newly constructed, free-standing Dunkin Donuts with a drive-thru and strategically located in the Orlando tourist area next to Universal Orlando resort.
“This real estate is in a very special location. A large number of the apartments we own in central Florida are within a few miles of this asset,” offered Albert M. Berriz, Managing Member, Chief Executive Officer, Board Member and Co-Owner of McKinley. “The theme park market is booming, and we anticipate further growth in this region which makes the Triple Net location very attractive to us," further offered Berriz.
McKinley secured long term structured financing for a pool of NNN assets with Comerica Bank, N.A., one of McKinley’s most trusted and long-term banking relationships. “Comerica is a key partner and they strategically provided financing for us with terrific terms to allow us to position these assets for the long term. The pool is made up of select NNN assets consisting of two Sun Bank, N.A. bank locations in Gainesville and Lakeland, Florida, a Fifth Third Bank branch located in Windermere, Florida near Walt Disney World and two food & beverage properties also in Central Florida which includes this Dunkin Donuts and a Kentucky Fried Chicken in Orange City,” offered Jim Willett, Senior Vice President & Managing Director – Finance.