FCPT Announces Acquisition of a Miller's Ale House Property for $3.8 Million
Four Corners Property Trust (NYSE:FCPT) has acquired a Miller's Ale House property in Georgia for $3.8 million. The property is situated in a strong retail corridor and operates under a corporate net lease with approximately 11 years remaining. The transaction was completed at a 7.2% cap rate on rent at closing, excluding transaction costs.
Four Corners Property Trust (NYSE:FCPT) ha acquisito una proprietà di Miller's Ale House in Georgia per 3,8 milioni di dollari. La proprietà si trova in un forte corridoio commerciale e opera con un contratto di locazione netta aziendale con circa 11 anni rimanenti. La transazione è stata completata con un tasso di capitalizzazione del 7,2% sull'affitto al momento della chiusura, escluse le spese di transazione.
Four Corners Property Trust (NYSE:FCPT) ha adquirido una propiedad de Miller's Ale House en Georgia por 3,8 millones de dólares. La propiedad se sitúa en un fuerte corredor comercial y opera bajo un contrato de arrendamiento neto corporativo con aproximadamente 11 años restantes. La transacción se completó con un tasa de capitalización del 7,2% sobre el alquiler al cierre, excluyendo los costos de la transacción.
포 코너스 프로퍼티 트러스트 (NYSE:FCPT)는 조지아에 있는 밀러스 에일 하우스 부동산을 380만 달러에 인수했습니다. 이 부동산은 강력한 소매 상권에 위치하고 있으며, 약 11년이 남은 기업 순 임대 계약 아래 운영되고 있습니다. 이 거래는 거래 비용을 제외하고, 7.2%의 자본화율로 임대료 기준으로 완료되었습니다.
Four Corners Property Trust (NYSE:FCPT) a acquis une propriété de Miller's Ale House en Géorgie pour 3,8 millions de dollars. La propriété est située dans un corridor commercial dynamique et fonctionne sous un bail net d'entreprise avec environ 11 ans restants. La transaction a été finalisée à un taux de capitalisation de 7,2% sur le loyer à la clôture, hors frais de transaction.
Four Corners Property Trust (NYSE:FCPT) hat eine Immobilie von Miller's Ale House in Georgia für 3,8 Millionen Dollar erworben. Die Immobilie befindet sich in einem starken Einzelhandelsbereich und wird unter einem Unternehmens-Netzlease mit ungefähr 11 verbleibenden Jahren betrieben. Die Transaktion wurde mit einem Kapitalisierungszins von 7,2% auf die Miete zum Zeitpunkt des Abschlusses abgeschlossen, ohne Transaktionskosten.
- Strategic acquisition in a strong retail corridor
- Long-term net lease with 11 years remaining provides stable income
- Attractive 7.2% cap rate indicating good yield on investment
- Property is corporate-operated, suggesting tenant stability
- None.
Insights
About FCPT
FCPT, headquartered in
Category: Acquisition
View source version on businesswire.com: https://www.businesswire.com/news/home/20241101845137/en/
Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
Source: Four Corners Property Trust
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