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Burger King sells Winston-Salem restaurant to Alabama group
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Burger King sells Winston-Salem restaurant to Alabama group

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Burger King

The former Burger King restaurant property at 2897 Reynolda Road.

Burger King Corp. has sold its closed restaurant property at 2897 Reynolda Road for $1.1 million to an Alabama commercial real-estate group, according to a Forsyth County Register of Deeds filing Friday.

What's interesting in the deed is that buyer JPV-BTS LLC, an affiliate of Vallas Realty Inc. of Mobile, Ala., agreed to not allow the property to be used by several restaurant chains through 2041.

One is a competitive natural in McDonald's.

However, others seems to be intriguing curiosities, such as Chick-fil-A, Chipotle, Dunkin', KFC, Krispy Kreme Doughnuts and Starbucks.

The sale was completed Wednesday.

There's a ketchup packet shortage. The switch during the pandemic from shared bottles to individual packets in order to mitigate the spread of the coronavirus and the increase in food deliveries have played a significant role.

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@rcraverWSJ

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