FCPT Announces Acquisition of a NAPA Auto Parts Property for $2.0 million
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a NAPA Auto Parts property for $2.0 million. The property is strategically located in a high-traffic area in New York and operates under a corporate, triple net lease with approximately 5 years remaining on the term. The transaction was completed at a 7.2% cap rate on rent as of the closing date, excluding transaction costs.
Four Corners Property Trust (NYSE:FCPT) ha annunciato l'acquisizione di un immobile NAPA Auto Parts per 2,0 milioni di dollari. L'immobile è situato strategicamente in un'area ad alto traffico a New York e opera sotto un contratto di locazione corporate a tripla rete, con circa 5 anni rimanenti alla scadenza. 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 anunciado la adquisición de una propiedad de NAPA Auto Parts por 2,0 millones de dólares. La propiedad está estratégicamente ubicada en una zona de alto tráfico en Nueva York y opera bajo un contrato de arrendamiento corporativo neto triple con aproximadamente 5 años restantes en el plazo. La transacción se completó a un tasa de capitalización del 7,2% sobre el alquiler en la fecha de cierre, excluyendo los costos de transacción.
포 코너스 부동산 신탁(뉴욕증권거래소:FCPT)은 2백만 달러에 NAPA 오토 부품 부동산을 인수했다고 발표했습니다. 이 부동산은 뉴욕의 고유동 인구 지역에 전략적으로 위치하고 있으며, 약 5년이 남은 기업의 트리플 넷 리스 하에 운영되고 있습니다. 거래는 마감일 기준으로 임대료에 대한 7.2%의 캐피털 리턴율로 완료되었으며, 거래 비용은 제외됩니다.
Four Corners Property Trust (NYSE:FCPT) a annoncé l'acquisition d'un bien immobilier NAPA Auto Parts pour 2,0 millions de dollars. La propriété est stratégiquement située dans une zone à fort trafic à New York et fonctionne sous un contrat de location d'entreprise à triple net, avec environ 5 ans restants sur la durée. La transaction a été réalisée à un taux de capitalisation de 7,2% sur le loyer à la date de clôture, hors frais de transaction.
Four Corners Property Trust (NYSE:FCPT) hat die Übernahme einer NAPA Auto Parts-Immobilie für 2,0 Millionen US-Dollar angekündigt. Die Immobilie befindet sich strategisch in einem stark frequentierten Gebiet in New York und wird unter einem Unternehmensvertrag mit dreifacher Nettomiete betrieben, der noch etwa 5 Jahre Laufzeit hat. Die Transaktion wurde zu einem 7,2%-Kapitalisierungszins auf die Miete zum Zeitpunkt des Abschlusses, ohne Transaktionskosten, abgeschlossen.
- Strategic acquisition in high-traffic location in New York
- Corporate triple net lease structure reduces operational costs
- Attractive 7.2% cap rate on the investment
- Diversification into auto parts retail sector
- Relatively short remaining lease term of 5 years
- Small transaction size of $2.0 million limits immediate impact on portfolio growth
Insights
This acquisition aligns with FCPT's portfolio expansion strategy in the retail sector. The
- Located in a high-traffic area in New York, suggesting strong potential for sustained customer flow
- Secured by a corporate triple-net lease, which minimizes operational expenses for FCPT
- Attractive
7.2% cap rate, above market average for similar retail properties
About FCPT
FCPT, headquartered in
Category: Acquisition
View source version on businesswire.com: https://www.businesswire.com/news/home/20241202399274/en/
Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
Source: Four Corners Property Trust
FAQ
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