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TGI Friday' s Inc., aka Friday' s, is arguably the most recognized chain in the casual dining sector in North America. Friday' s was founded in 1965 with one restaurant in New York City. The company has since grown to generate well over $2.7 billion dollars in annual revenues thru 900+ restaurants in 59 countries and 49 states. TGIF is being acquired by Sentinel Capital Partners and Tri-Artisan Capital Partners. - Tenancy: Single Tenant
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Most listings are in the $10's per square foot per year. The Estero submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decrease in rent.
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