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FCPT Announces Sale Leaseback of Six Burger King Properties for $10.1 Million

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Four Corners Property Trust (NYSE:FCPT) has announced the acquisition of six Burger King properties for $10.1 million through a sale-leaseback transaction. The properties are strategically located in high-traffic areas across Texas and are secured by long-term, triple net leases with Burger King Corporate guarantees. The transaction's cap rate aligns with FCPT's previous deals.

Four Corners Property Trust (NYSE:FCPT) ha annunciato l'acquisizione di sei proprietà Burger King per 10,1 milioni di dollari tramite una transazione di vendita e affitto. Le proprietà sono strategicamente situate in aree ad alto traffico in Texas e sono garantite da contratti di locazione a lungo termine con garanzie della Burger King Corporate. Il tasso di capitalizzazione della transazione è in linea con le precedenti operazioni di FCPT.

Four Corners Property Trust (NYSE:FCPT) ha anunciado la adquisición de seis propiedades de Burger King por 10,1 millones de dólares a través de una transacción de venta y arrendamiento. Las propiedades están estratégicamente ubicadas en áreas de alto tráfico en Texas y están aseguradas por arrendamientos a largo plazo con garantías corporativas de Burger King. La tasa de capitalización de la transacción se alinea con los acuerdos anteriores de FCPT.

포 코너스 부동산 신탁 (NYSE:FCPT)6개의 버거킹 매장1천만 1천 달러에 매입했다고 발표했습니다. 이 매장은 텍사스의 유동 인구가 많은 지역에 전략적으로 위치해 있으며, 버거킹 본사의 보증이 포함된 장기, 트리플 넷 리스 계약으로 보장됩니다. 이번 거래의 자본화율은 FCPT의 이전 거래와 일치합니다.

Four Corners Property Trust (NYSE:FCPT) a annoncé l'acquisition de six propriétés Burger King pour 10,1 millions de dollars par le biais d'une transaction de vente et de location. Les propriétés sont stratégiquement situées dans des zones à fort trafic au Texas et sont sécurisées par des baux nets à long terme avec des garanties de Burger King Corporate. Le taux de capitalisation de la transaction est en accord avec les précédentes affaires de FCPT.

Four Corners Property Trust (NYSE:FCPT) hat den Erwerb von sechs Burger King Immobilien für 10,1 Millionen Dollar durch eine Sale-and-Leaseback-Transaktion bekannt gegeben. Die Immobilien befinden sich strategisch in stark frequentierten Gebieten in Texas und sind durch langfristige, dreifach netto Mietverträge mit Garantien von Burger King Corporate gesichert. Der Kapitalisierungszins der Transaktion entspricht den vorherigen Geschäften von FCPT.

Positive
  • Strategic acquisition of 6 properties in high-traffic locations
  • Long-term triple net leases with corporate guarantee
  • Cap rate consistent with company's previous transactions
  • $10.1M expansion of property portfolio
Negative
  • None.

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 6 Burger King properties for $10.1 million via sale leaseback. The properties are located in highly-trafficked corridors in Texas and are each under long-term, triple net leases guaranteed by Burger King Corporate. The transaction was priced at a cap rate in range with previous FCPT transactions.

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

How much did FCPT pay for the six Burger King properties in Texas?

FCPT paid $10.1 million for the six Burger King properties in Texas.

What type of lease agreement does FCPT have for the Burger King properties?

The properties are under long-term, triple net leases guaranteed by Burger King Corporate.

Where are the newly acquired Burger King properties located?

The properties are located in highly-trafficked corridors in Texas.

What is the structure of FCPT's latest Burger King acquisition?

The acquisition was structured as a sale-leaseback transaction for six properties.
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2.86B
98.56M
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4.06%
REIT - Retail
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United States
MILL VALLEY