FCPT Announces Acquisition of a P.F. Chang's Property for $4.8 Million
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of a P.F. Chang's property for $4.8 million. The property, located in a high-traffic retail corridor in Illinois, operates under a corporate triple net lease with approximately 5 years remaining on the term. The transaction was completed at a 7.4% cap rate on rent as of the closing date, excluding transaction costs. P.F. Chang's China Bistro is an American-based casual dining restaurant chain with over 200 locations across the United States, specializing in Asian fusion cuisine.
Four Corners Property Trust (NYSE:FCPT) ha annunciato l'acquisizione di una proprietà P.F. Chang's per 4,8 milioni di dollari. La proprietà, situata in un corridoio commerciale ad alto traffico in Illinois, opera sotto un contratto di locazione commerciale triple net con circa 5 anni rimanenti sulla durata. La transazione è stata completata con un tasso di capitazione del 7,4% sull'affitto alla data di chiusura, escludendo i costi di transazione. P.F. Chang's China Bistro è una catena di ristoranti casual americana con oltre 200 sedi negli Stati Uniti, specializzata nella cucina fusion asiatica.
Four Corners Property Trust (NYSE:FCPT) ha anunciado la adquisición de una propiedad P.F. Chang's por 4,8 millones de dólares. La propiedad, ubicada en un corredor comercial de alto tráfico en Illinois, opera bajo un contrato de arrendamiento triple neto corporativo con aproximadamente 5 años restantes en el plazo. La transacción se completó a un tasa de capitalización del 7,4% sobre el alquiler a la fecha de cierre, excluyendo los costos de transacción. P.F. Chang's China Bistro es una cadena de restaurantes de comida casual basada en Estados Unidos con más de 200 ubicaciones en todo el país, especializada en cocina fusión asiática.
포 코너스 부동산 신탁 (NYSE:FCPT)이 P.F. Chang's 부동산을 480만 달러에 인수했다고 발표했습니다. 이 부동산은 일리노이에 위치한 고교통량 소매 코리더에 있으며, 약 5년 남은 기업 복합 임대 계약에 따라 운영됩니다. 거래는 거래 비용을 제외하고 마감일 기준으로 임대료에 대해 7.4%의 자본화율로 완료되었습니다. P.F. Chang's China Bistro는 아시아 퓨전 요리를 전문으로 하는 미국 기반의 캐주얼 다이닝 레스토랑 체인으로, 미국 전역에 200개 이상의 매장을 운영하고 있습니다.
Four Corners Property Trust (NYSE:FCPT) a annoncé l'acquisition d'une propriété P.F. Chang's pour 4,8 millions de dollars. La propriété, située dans un couloir commercial à fort trafic dans l'Illinois, fonctionne sous un contrat de location triple net avec environ 5 ans restant sur le terme. La transaction a été finalisée à un taux de capitalisation de 7,4% sur le loyer à la date de clôture, hors frais de transaction. P.F. Chang's China Bistro est une chaîne de restaurants décontractés basée aux États-Unis, comptant plus de 200 établissements à travers le pays, spécialisée dans la cuisine fusion asiatique.
Four Corners Property Trust (NYSE:FCPT) hat den Erwerb einer P.F. Chang's Immobilie für 4,8 Millionen Dollar bekannt gegeben. Die Immobilie befindet sich in einem stark frequentierten Einzelhandelsbereich in Illinois und wird unter einem Unternehmensvertrag mit einer dreifachen Nettomiete betrieben, wobei noch etwa 5 Jahre auf der Laufzeit verbleiben. Die Transaktion wurde zu einem Kapitulationssatz von 7,4% auf die Miete zum Zeitpunkt des Abschlusses, ohne Berücksichtigung der Transaktionskosten, abgeschlossen. P.F. Chang's China Bistro ist eine amerikanische Casual-Dining-Restaurantkette mit über 200 Standorten in den Vereinigten Staaten, die sich auf asiatische Fusionsküche spezialisiert hat.
- Strategic acquisition in high-traffic retail location
- 7.4% cap rate indicates strong potential return on investment
- Secured tenant is an established national restaurant chain
- Triple net lease structure minimizes property management costs
- Relatively short remaining lease term of 5 years creates potential tenant risk
- Single-tenant property exposure increases vacancy risk
Insights
The
The corporate triple net lease structure shifts property expenses to the tenant, providing FCPT with stable, predictable cash flows. However, the relatively short remaining lease term of 5 years presents some tenant retention risk. P.F. Chang's market position as an established casual dining chain with over 200 locations provides some mitigation to this risk. This acquisition represents less than
About FCPT
FCPT, headquartered in
Category: Acquisition
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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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