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FCPT Announces Sale-Leaseback of Nine Burger King Properties from Ampler Restaurant Group for $19.9 Million

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Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of nine Burger King properties through a sale-leaseback transaction valued at $19.9 million from Ampler Restaurant Group. The properties are strategically positioned in prime retail corridors across Tennessee and will be operated by franchisees under triple net leases with 20-year terms. The transaction was structured with a 6.8% cap rate on rent at closing, excluding transaction costs.

Four Corners Property Trust (NYSE:FCPT) ha annunciato l'acquisizione di nove proprietà Burger King tramite una transazione di vendita e affitto valutata 19,9 milioni di dollari dal gruppo Ampler Restaurant. Le proprietà sono strategicamente posizionate in corridoi commerciali di primo livello in Tennessee e saranno gestite da franchising sotto contratti di locazione triple net con termini di 20 anni. La transazione è stata strutturata con un tasso di capitalizzazione del 6,8% sull'affitto al momento della chiusura, escluse le spese di transazione.

Four Corners Property Trust (NYSE:FCPT) ha anunciado la adquisición de nueve propiedades de Burger King a través de una transacción de venta y arrendamiento valorada en 19,9 millones de dólares del Grupo Ampler Restaurant. Las propiedades están estratégicamente ubicadas en corredores comerciales de primer nivel en Tennessee y serán operadas por franquiciados bajo arrendamientos triple neto con términos de 20 años. La transacción se estructuró con un tasa de capitalización del 6,8% sobre el alquiler al cierre, excluyendo los costos de transacción.

포 코너스 부동산 신탁 (NYSE:FCPT)는 앰플레 레스토랑 그룹으로부터 1990만 달러에 해당하는 판매-임대 거래를 통해 아홉 개의 버거킹 부동산을 인수했다고 발표했습니다. 이 부동산들은 테네시의 주요 소매 통로에 전략적으로 위치하고 있으며, 20년 계약에 따라 프랜차이즈에 의해 운영될 것입니다. 이 거래는 거래 비용을 제외하고, 종료 시점에서 임대료에 대해 6.8%의 자본화율로 구조화되었습니다.

Four Corners Property Trust (NYSE:FCPT) a annoncé l'acquisition de neuf propriétés Burger King par le biais d'une transaction de vente-bail d'une valeur de 19,9 millions de dollars avec le groupe Ampler Restaurant. Les propriétés sont stratégiquement situées dans des corridors commerciaux de premier choix à travers le Tennessee et seront exploitées par des franchisés sous des baux triple net avec des termes de 20 ans. La transaction a été structurée avec un taux de capitalisation de 6,8% sur le loyer à la clôture, hors frais de transaction.

Four Corners Property Trust (NYSE:FCPT) hat den Erwerb von neun Burger King-Immobilien durch eine Sale-and-Leaseback-Transaktion im Wert von 19,9 Millionen Dollar von der Ampler Restaurant Group bekannt gegeben. Die Immobilien sind strategisch in erstklassigen Einzelhandelslagen in Tennessee positioniert und werden von Franchisenehmern unter Triple-Net-Leasingverträgen mit 20-jährigen Laufzeiten betrieben. Die Transaktion wurde mit einer 6,8%igen Kapitalisierungsrate auf die Miete zum Zeitpunkt des Abschlusses strukturiert, ohne Berücksichtigung der Transaktionskosten.

Positive
  • Significant portfolio expansion with $19.9M acquisition of nine properties
  • Long-term revenue security with 20-year triple net leases
  • Strong 6.8% cap rate providing attractive returns
  • Strategic locations in high-traffic retail corridors
Negative
  • Concentrated geographic exposure in single state (Tennessee)

MILL VALLEY, Calif.--(BUSINESS WIRE)-- Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of nine Burger King properties for $19.9 million from Ampler Restaurant Group via sale-leaseback. The properties are located in strong retail corridors in Tennessee and are franchisee-operated under long-term, triple net leases with 20 years of term. The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs.

About FCPT

FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.

Category: Acquisition

Four Corners Property Trust:

Bill Lenehan, 415-965-8031

CEO

Patrick Wernig, 415-965-8038

CFO

Source: Four Corners Property Trust

FAQ

What is the value of FCPT's recent Burger King properties acquisition?

FCPT acquired nine Burger King properties for $19.9 million from Ampler Restaurant Group.

What is the cap rate for FCPT's Burger King properties acquisition?

The transaction was priced at a 6.8% cap rate on rent as of the closing date, excluding transaction costs.

Where are the newly acquired FCPT Burger King properties located?

The nine Burger King properties are located in retail corridors across Tennessee.

What are the lease terms for FCPT's new Burger King properties?

The properties are under long-term, triple net leases with 20-year terms, operated by franchisees.
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REIT - Retail
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MILL VALLEY