The Background

We represented both sides on the $1,666,666 sale of a single-tenant Burger King net lease in Cicero, New York at a 6.0% cap rate. Erick Vaysman represented the buyer, a repeat investor, and Adam Silber represented the seller. The lease was long-term and the seller was completing a 1031 exchange.

The Problem We Had to Solve

A 1031 exchange runs on a clock, and missing it has real tax consequences. The seller needed a qualified buyer fast, and needed to be confident that buyer would actually close. Certainty was the priority from day one.

What We Did

With established relationships on both sides, we could move at a pace an open-market process does not allow. The buyer was a repeat investor with prior closings through our firm, actively looking for long-term net lease exposure in the Northeast. The seller needed certainty above everything. Matching the two was less a marketing exercise than a deliberate pairing of aligned motivations. The long-term lease made for clean, simple underwriting and removed the lease-term friction that complicates so many QSR deals.

How It Closed

The Burger King closed at $1,666,666 at a 6.0% cap rate with no retrades, no timeline disruptions, and no surprises. The seller completed their 1031 exchange, deferred capital gains, and redeployed proceeds on schedule. The buyer added a long-term, stabilized Burger King in upstate New York to their QSR portfolio.

The Silber Difference

This is what long-term client relationships produce. When both sides of a deal already trust the process and the firm running it, execution becomes the straightforward part, even under a 1031 clock.

Handled by Erick Vaysman (buyer) and Adam Silber (seller), Silber Investment Properties.