Parsad Posted July 17, 2009 Share Posted July 17, 2009 In February I had put up a PDF with listings for 15 SNS restaurants for sale or leasebacks. I thought I would update some of those listings to see which have sold, or if there are any new listings. These listings are gone: 104 Magnolia Drive, Georgetown, KY 1015 James Avenue, Bedford, IN 1410 Flamming Drive, Waterloo, IA 1741 North Bechtle Avenue, Springfield, OH 2001 Colby Taylor Drive, Richmond, KY 2999 Watson Boulevard, Warner Robins, GA 9530 Diamond Centre Drive, Mentor, OH Existing Listings From February: 718 N. Westover Boulevard, Albany, GA 980 N. St. Augustine Road, Valdosta, GA 1601 Bradley Park Drive, Columbus, GA 1627 N. Dixie, Elizabethtown, KY 3250 Cassopolis, Elkhart, IN 4429 Old Union Road, Tifton, GA 7700 S. Orange Blossom Trail, Orlando, FL 9521 N. Owasso, Expressway, Owasso, OK New Listings: 1874 Decatur Pike, Athens, TN 4500 South Highway 17-92, Casselberry, FL 11040 Pendleton Pike, Indianpolis, IN All in all, it looks like the listing of restaurants to be sold is decreasing, and they've sold some existing restaurants. I'm guessing they were able to pay down the $12M in long-term debt, without much of a hit to the $35M cash hoard they had at the end of the last quarter. Cheers! Link to comment Share on other sites More sharing options...
link01 Posted July 26, 2009 Share Posted July 26, 2009 has sns sold another property? http://www.news-press.com/article/20090726/COLUMNISTS15/90725015/1014/BUSINESS •KIN Properties, Inc. purchased 43,803 square feet of vacant land from Steak N Shake Operations Inc., at 4450 Sumter Crossing Drive in North Port, for $1,167,500. John Mounce, principal of LandQwest Commercial, negotiated the transaction. Link to comment Share on other sites More sharing options...
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