SIG brokers handled the transaction on a Black Bear Diner location in Moore, OK, overcoming challenges and selling the restaurant property before the new location opened.
Working with SIG brokers is the best way to leverage top NNN listings, lending, and marketing efforts. In this deal, SIG brokers Kaveh Ebrahimi and Zach Martin handled the transaction on a new Black Bear Diner in Moore, OK, closing before the completion and opening of the location.
- Black Bear Diner: Moore, OK
- Property Type: Casual Dining Restaurant
- Client Type: Developer
- Price: $2,300,000
- Challenge 1: The sellers insisted that the property be marketed early with an expected opening date of August 2019, and SIG encountered pushback regarding construction status and the likelihood of an on-time opening.
- Challenge 2: The seller wanted to be aggressive with the price and would not do a price reduction, but settled once there was an LOI in place.
- Placed client goal as a top priority
- Connected the seller and buyer on a conference call to come to an agreement on different issues
- Sold the property before the opening, meeting the seller’s goal
- Received an executed rep agreement for a new listing
- Over $4,500,000,000 in Closed Transactions
- Over $750,000,000 in Active Inventory
- Over 2,100 Transactions in 48 States
- Focused on Creative Marketing
- Net Lease Industry Leader
- Real Estate Forum Influencers in Net Lease 2019
- SC25 Fastest Growing Companies, 2017 & 2018
- Real Estate Forum Names SIG to Its List of Commercial Real Estate’s Fastest-Growing Companies, 2016 & 2015
- CoStar Power Broker Top Firm Awards, 2017 & 2016
Interested in acquiring a casual dining property for consistent returns in your investment portfolio? SIG handles new loans on locations for clients who are seeking to expand their portfolio and acquire NNN properties in all different niches. When the goal is growing an investment portfolio with specific properties, you can’t trust a typical real estate agency to walk you through the process. SIG is a commercial real estate brokerage firm with a wealth of experience helping clients find, secure, and purchase properties to round out their investment portfolio.