Capitalization rate

Bankruptcy Court Approves the Sale of a Portfolio of Office/Flex Buildings and Retail Strip Center for a Price 36+% Over the Stalking Horse Contract Price

Retrieved on: 
Thursday, February 23, 2023
Retail, Other Retail, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, Urban Planning, Bankruptcy, Housing, Principal, United States bankruptcy court, Collection, Partner, Chapter 11, Title 11, United States Code, Capitalization rate, Growth, USBC, Sale, Auction

The Bankruptcy Court in Austin, Texas today approved the results of last week’s auction of thirteen single-story office/flex buildings and one retail strip center in one of the city’s hottest markets, The Domain.

Key Points: 
  • The Bankruptcy Court in Austin, Texas today approved the results of last week’s auction of thirteen single-story office/flex buildings and one retail strip center in one of the city’s hottest markets, The Domain.
  • Case No 22-10293-TMD, represents a nearly 36% increase over the $75.5+ million stalking horse bid.
  • ft. collection of properties on almost 44 acres represented a unique opportunity to own prime commercial real estate in a promising market.
  • Truly outstanding.”
    Even with the slowdown in the Austin housing market, experts are still optimistic for the continued growth of its’ commercial market.

FCPT Announces Acquisition of a Fresenius Medical Care Property for $3.1 million

Retrieved on: 
Friday, September 3, 2021
Retail, Health, Other Retail, Other Health, Commercial Building & Real Estate, Construction & Property, REIT, Real estate investing, Capitalization rate, Real estate investment trust

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 Fresenius Medical Care property for $3.1 million.

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 Fresenius Medical Care property for $3.1 million.
  • The property is located in a highly trafficked corridor in Louisiana and is corporate-operated under a net lease with approximately six years of term remaining.
  • The transaction was priced at a 6.6% going-in cash 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.

KBRA Assigns Preliminary Ratings to Benchmark 2021-B28

Retrieved on: 
Wednesday, July 28, 2021
Professional services, Finance, Finance, Money, Financial markets, Mortgage-backed security, Structured finance, Fixed-income securities, Mortgage, Commercial mortgage-backed security, Commercial mortgage, KBRA, Mortgage loan, Capitalization rate

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 19 classes of Benchmark 2021-B28, a $1.4 billion CMBS conduit transaction collateralized by 71 commercial mortgage loans secured by 131 properties.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 19 classes of Benchmark 2021-B28, a $1.4 billion CMBS conduit transaction collateralized by 71 commercial mortgage loans secured by 131 properties.
  • The collateral properties are located throughout 30 MSAs, of which the three largest are New York (31.3%), Miami (5.3%), and Chicago (4.7%).
  • The pool has exposure to most major property types, with two types representing more than 15.0% of the pool balance: office (40.7%) and retail (24.3%).
  • KBRA capitalization rates were applied to each assets KNCF to derive values that were, on an aggregate basis, 42.8% less than third party appraisal values.

Cap Rates for Net Lease Dollar Store Properties Compress to Historic Levels | The Boulder Group

Retrieved on: 
Wednesday, July 28, 2021
Variety stores, Retailing, Retailers, Service companies, Dollar General, Capitalization rate, Dollar Tree

WILMETTE, Ill., July 28, 2021 /PRNewswire/ -- The Boulder Group announced the release of its Net Lease Dollar Store Report today.

Key Points: 
  • WILMETTE, Ill., July 28, 2021 /PRNewswire/ -- The Boulder Group announced the release of its Net Lease Dollar Store Report today.
  • In the second quarter national asking cap rates in the single tenant dollar store sector compressed to 6.11%, according to the 2021 Net Lease Market Report.
  • "Cap rates for in the dollar store sector reached new historic low levels for Dollar General and Dollar Tree," says Randy Blankstein, President, The Boulder Group.
  • "Throughout the course of the Covid-19 pandemic, investor demand in the dollar store sector increased to record levels," adds Jimmy Goodman, Partner, The Boulder Group.

FCPT Announces Acquisition of a Dual-Tenant Aspen Dental / Starbucks for $3.4 million

Retrieved on: 
Friday, July 23, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Real estate, Finance, Leasing, Money, Real property law, Commercial real estate, Real estate investing, Capitalization rate, Net lease

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a dual-tenant property leased to Aspen Dental and Starbucks for $3.4 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a dual-tenant property leased to Aspen Dental and Starbucks for $3.4 million.
  • The properties are located in a strong retail corridor in Illinois and are under long term net leases with each brands corporate tenant.
  • The transaction was priced at a 6.5% going-in cash capitalization rate, exclusive of transaction costs.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

FCPT Announces Acquisition of an Outback Steakhouse Property for $2.3 Million

Retrieved on: 
Thursday, July 22, 2021
Retail, Restaurant, Bar, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Capitalization rate, Real estate valuation, Real estate investing, Finance

Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of an Outback Steakhouse property for $2.3 million.

Key Points: 
  • Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of an Outback Steakhouse property for $2.3 million.
  • The property is located in a strong retail corridor in Florida and is corporate-operated under a net lease with approximately eight years of term remaining.
  • The transaction was priced at a cap rate in range with previous FCPT transactions.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

Cap Rates For Net Lease Retail and Industrial Properties Rise - The Boulder Group

Retrieved on: 
Thursday, July 1, 2021
Real estate, Finance, Leasing, Money, Real property law, Commercial real estate, Landlord–tenant law, Capitalization rate, Real estate valuation, Net lease, Lease

In the second quarter cap rates in the single tenant net lease sector rose slightly after hitting historic low levels in the previous quarter.

Key Points: 
  • In the second quarter cap rates in the single tenant net lease sector rose slightly after hitting historic low levels in the previous quarter.
  • Single tenant retail cap rates increased by 11 basis points to 6.02% while industrial increased by 18 basis points to 6.89%.
  • "Following a quarter of historic pricing for the net lease sector, owners of lower quality assets brought properties to the market in attempt to take advantage of current cap rate levels," says Randy Blankstein, President, The Boulder Group.
  • To view the full report: https://bouldergroup.com/media/pdf/2021-Q2-Net-Lease-Research-Report.pdf
    The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties.

FCPT Announces Acquisition of a Mavis Discount Tire Property for $1.7 million

Retrieved on: 
Tuesday, June 29, 2021
Construction & Property, Tires & Rubber, REIT, Automotive, Capitalization rate, Real estate valuation, Real estate investing, Real estate investment trust, Finance

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Mavis Discount Tire property for $1.7 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Mavis Discount Tire property for $1.7 million.
  • The property is located in a highly trafficked retail corridor in Wisconsin and is occupied under a triple net lease to the brands corporate entity with approximately six years of term remaining.
  • The transaction was priced at a 6.85% going-in cash capitalization rate, exclusive of transaction costs.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

FCPT Announces Acquisition of a Burger King Property for $1.7 Million

Retrieved on: 
Tuesday, June 29, 2021
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Capitalization rate, Real estate valuation, Real estate investing, Real estate investment trust, Finance

Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Burger King property for $1.7 million.

Key Points: 
  • Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Burger King property for $1.7 million.
  • The property is located in a highly trafficked retail corridor in Wisconsin and is occupied under a triple net lease to a franchisee with approximately 15 years of term remaining.
  • The transaction was priced at a 6.5% going-in cash capitalization rate, exclusive of transaction costs.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.

FCPT Announces Acquisition of a Stanton Optical Property for $2.1 Million

Retrieved on: 
Monday, June 28, 2021
Commercial Building & Real Estate, Construction & Property, REIT, Capitalization rate, Real estate valuation, Real estate investing, Real estate investment trust, Finance

Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Stanton Optical property for $2.1 million.

Key Points: 
  • Four Corners Property Trust (NYSE: FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties (FCPT or the Company), is pleased to announce the acquisition of a Stanton Optical property for $2.1 million.
  • The property is located in a highly trafficked retail corridor in Wisconsin and is occupied under a triple net lease to the brands corporate entity with approximately seven years of term remaining.
  • The transaction was priced at a 6.5% going-in cash capitalization rate, exclusive of transaction costs.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.