Listed and sold property to acquire cash flow for owners
| Posted by Casey Hatcher
Restaurant: VCV Pizza, Inc.
Agent: Erik Johnson
Property: 849 North Judge Ely
Parties: Owner VCV Pizza Inc. and Tenant Southwest Deli Group dba McAlister’s Deli
Goal: List to sell or lease the property to get cash flow for the owners and cover their bank loans.
Obstacles overcome: There is often a stigma to a property when the store closes. The Pizza Inn was a viable operation, it just wasn’t fulfilling or exceeding the operators expectations.
Final result: Due to the prime location of the property, and previous relationship with the prospective tenant, we were able to contract a long term lease.