FCPT Announces Acquisition of a Buffalo Wild Wings Property for $2.3 Million

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 a Buffalo Wild Wings property for $2.3 million.

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Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Monday, August 8, 2022
Information
Tags: 
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Company, Acquisition, Ownership, Buffalo Wild Wings, NYSE, CA
Geotags: 
CALIFORNIA, ILLINOIS, UNITED STATES, NORTH AMERICA
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Organisation: 
FCPT
Stock Symbol: 
NYSE:FCPT
Summary
Key Points: 
  • 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 a Buffalo Wild Wings property for $2.3 million.
  • The property is located in a strong retail corridor in Illinois and is occupied under a triple net ground lease with approximately two years of term remaining.
  • The transaction was priced at a 6.3% capitalization rate, exclusive of transaction costs.
  • 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.


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 a Buffalo Wild Wings property for $2.3 million. The property is located in a strong retail corridor in Illinois and is occupied under a triple net ground lease with approximately two years of term remaining. The transaction was priced at a 6.3% capitalization rate, 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.

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