Cafe del Rio
Date :2nd June, Sunday 2013
3 Square principals acquired this restaurant when the tenant wanted to exercise an option under the existing lease. 3 Square acquired the restaurant at the option price, continued to lease the restaurant to the tenant and, in fact, was able to reduce the tenant’s rent based on the favorable purchase price. Upon the termination of this tenant’s lease, 3 Square released the restaurant to another restaurant operator who substantial improved the property. After operating the restaurant for 2 years, 3 Square and the new operator were able to work out an arrangement allowing the new operator to buy the restaurant from 3 Square.
Cafe del Rio is superior Tex-Mex dining in a fun, energetic atmosphere. Cafe del Rio is located in Beaumont, Texas.