3 Taco Pros Franchises (Leased) No CRE 3 Retail Properties Offered at $1,200,000 in Multiple Locations

Business and leasehold portfolio offering consisting of three established franchise Mexican restaurant locations in Lake County, Northwest Indiana. No fee-simple real estate is included. These are leases.
The three fully operational locations generate approximately $1.5 million in combined annual gross revenue and include drive-through, beer-and-wine, and full-service restaurant formats. The sale includes the operating businesses, furniture, fixtures, equipment, and applicable leasehold and franchise interests.
All locations are leased. Any lease assignment, franchise transfer, liquor-license transfer, or continued use of the franchise brand is subject to applicable landlord, franchisor, governmental, and licensing approvals. Additional financial, lease, and location information is available to qualified purchasers upon execution of a confidentiality agreement. Do not contact employees, landlords, or franchisor representatives.
I’d use the first version if CoStar gives you enough room. It makes the structure of the transaction very clear while still presenting it as a legitimate portfolio opportunity. I would also categorize it as a restaurant portfolio/business opportunity with leasehold interests anywhere CoStar gives you an applicable field, and avoid calling it an “investment property portfolio,” because that could imply the real estate itself is being sold.