The Real Deal Miami

Boca Raton firm buys Orlando restaurant for $15.1M in leaseback deal

Amzak Capital Management acquired Del Frisco's Double Eagle Steakhouse on International Drive from an affiliate of Del Frisco's Restaurant Group
January 07, 2018 11:05AM

Del Frisco’s Double Eagle Steakhouse in Orlando (Credit: Aria Group Architects)

A South Florida firm bought an Orlando restaurant for $15.1 million and leased it back to the operator. Boca Raton-based Amzak Capital Management bought the Del Frisco’s Double Eagle Steakhouse and leased it back to the seller, an affiliate of Southlake, Texas-based Del Frisco’s Restaurant Group. The lease has a 15-year term and renewal options.

The seller had purchased the 1.89-acre property at 9142 International Drive in Orlando for $8.7 million in 2014. The property previously had been operated as a restaurant under the Houlihan’s and Sizzler brands. The location is near the Orange County Convention Center and approximately six miles from Walt Disney World. [Orlando Sentinel] — Mike Seemuth