“We are pleased to announce our largest sale leaseback to date,” said Bill Lenehan of FCPT. “The properties have attractive lease terms, appropriate rent levels, and a large corporate tenant. We have confidence in the Bob Evans team and Golden Gate Capital to continue to perform well within the family dining subsector.”
» Bob Evans CEO: Restaurants will remain open
Bob Evans Restaurants has operations in 18 states. The parent entity, Golden Gate Capital recently acquired the restaurant portion of the Ohio-based Bob Evans business earlier this year for $565 million. Golden Gate Capital also runs restaurant chains like Red Lobster, California Pizza Kitchen, and On The Border.