FCPT Announces Sale-Leaseback of a Portfolio of Six Whataburger Properties from MWB Restaurants for $16.8 Million
Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of six Whataburger properties through a sale-leaseback transaction valued at $16.8 million from MWB Restaurants. The newly constructed properties are strategically positioned in prime retail corridors across Alabama.
The properties are franchisee-operated under triple net leases with approximately 20 years of remaining term. The transaction was structured at a 6.8% cap rate on rent as of the closing date, excluding transaction costs.
Four Corners Property Trust (NYSE:FCPT) ha annunciato l'acquisizione di sei proprietà Whataburger attraverso una transazione di vendita e locazione valutata 16,8 milioni di dollari da MWB Restaurants. Le proprietà, di recente costruzione, sono strategicamente posizionate in corridoi commerciali di primo livello in Alabama.
Le proprietà sono gestite da franchisee sotto contratti di locazione tripla netta con circa 20 anni di termine residuo. La transazione è stata strutturata con un tasso di capitalizzazione del 6,8% sull'affitto alla data di chiusura, escludendo i costi di transazione.
Four Corners Property Trust (NYSE:FCPT) ha anunciado la adquisición de seis propiedades Whataburger a través de una transacción de venta y arrendamiento valorada en 16,8 millones de dólares de MWB Restaurants. Las propiedades, recién construidas, están estratégicamente ubicadas en corredores comerciales de primera categoría en Alabama.
Las propiedades son operadas por franquiciados bajo contratos de arrendamiento triple neto con aproximadamente 20 años de plazo restante. La transacción se estructuró con una tasa de capitalización del 6,8% sobre el alquiler a la fecha de cierre, excluyendo los costos de transacción.
포 코너스 부동산 신탁 (NYSE:FCPT)는 MWB 레스토랑으로부터 1680만 달러에 해당하는 판매-임대 거래를 통해 여섯 개의 Whataburger 부동산을 인수했다고 발표했습니다. 새로 건설된 이 부동산들은 앨라배마의 주요 소매 통로에 전략적으로 위치해 있습니다.
이 부동산들은 약 20년의 남은 기간을 가진 트리플 넷 리스에 따라 프랜차이즈 운영되고 있습니다. 거래는 거래 비용을 제외하고 마감일 기준으로 임대료에 대해 6.8%의 수익률로 구조화되었습니다.
Four Corners Property Trust (NYSE:FCPT) a annoncé l'acquisition de six propriétés Whataburger à travers une transaction de vente-bail d'une valeur de 16,8 millions de dollars de MWB Restaurants. Les propriétés, nouvellement construites, sont stratégiquement situées dans des corridors commerciaux de premier plan en Alabama.
Les propriétés sont exploitées par des franchisés sous des baux triple net avec environ 20 ans de durée restante. La transaction a été structurée à un taux de capitalisation de 6,8% sur le loyer à la date de clôture, hors frais de transaction.
Four Corners Property Trust (NYSE:FCPT) hat den Erwerb von sechs Whataburger-Immobilien durch eine Sale-Leaseback-Transaktion im Wert von 16,8 Millionen Dollar von MWB Restaurants bekannt gegeben. Die neu errichteten Immobilien sind strategisch in erstklassigen Einzelhandelslagen in Alabama positioniert.
Die Immobilien werden von Franchisenehmern unter Triple-Net-Leases betrieben, mit einer verbleibenden Laufzeit von etwa 20 Jahren. Die Transaktion wurde zu einem Kapitalisierungszins von 6,8% auf die Miete zum Zeitpunkt des Abschlusses strukturiert, ohne Transaktionskosten.
- Acquisition expands portfolio with 6 newly constructed properties
- Long-term triple net leases with ~20 years remaining provide stable income
- Properties located in strong retail corridors
- Attractive 6.8% cap rate on investment
- None.
About FCPT
FCPT, headquartered in
Category: Acquisition
View source version on businesswire.com: https://www.businesswire.com/news/home/20250328650092/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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