NNN lease

VICI Properties Inc. Completes $17.2 Billion Strategic Acquisition of MGM Growth Properties LLC

Retrieved on: 
Friday, April 29, 2022
Professional Services, Other Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Caesars Entertainment, Restaurant, Jack Entertainment, New, M&A, MGP, S&P, NNN lease, Access, Security (finance), MGM, MGM Grand Las Vegas, Chelsea Piers, Vici Properties, Industry, OP, Tenant, NYSE, Kramer Levin Naftalis & Frankel, In re Caremark International Inc. Derivative Litigation, Growth, Company, MGM Growth Properties, General counsel, U.S. Securities and Exchange Commission, Region, MGM Grand, Securities & Exchange Commission of Pakistan, Ownership, COVID-19, Partnership, Risk, Cherokee, EBITDA, Leadership, Eastern Band of Cherokee Indians, CPI, Caesars Palace, MGM Resorts International, Golf, Acquisition, Institutionalisation, REIT, Real estate, Casino, Bank, Las Vegas Strip, Fitch

VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, today announced it has closed on the previously announced acquisition of MGM Growth Properties LLC (NYSE: MGP) ("MGP").

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (VICI, VICI Properties or the Company), an experiential real estate investment trust, today announced it has closed on the previously announced acquisition of MGM Growth Properties LLC (NYSE: MGP) ("MGP").
  • Simultaneous with the closing of the MGP acquisition, the Company entered into an amended and restated triple-net master lease with MGM Resorts International (NYSE: MGM) (MGM Resorts or MGM).
  • The tenants obligations under the MGM master lease and BREIT JV lease continue to be guaranteed by MGM.
  • Morgan Stanley & Co LLC served as lead strategic and financial advisor to VICI Properties on the transaction.

FCPT Announces Acquisition of Two Service Kings for $6.2 Million

Retrieved on: 
Tuesday, August 3, 2021
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Leasing, NNN lease, Real property law, Real estate investing

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 two Service King properties for $6.2 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 two Service King properties for $6.2 million.
  • The properties are located in highly trafficked corridors in Texas and are both corporate-operated under triple net leases with twenty years of term remaining.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
  • Additional information about FCPT can be found on the website at www.fcpt.com .

FCPT Announces Acquisition of a Circle K Property for $2.3 million

Retrieved on: 
Tuesday, June 29, 2021
Retail, Convenience store, Restaurant, Bar, Commercial Building & Real Estate, Construction & Property, REIT, Leasing, NNN lease, Real property law, NNN

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 Circle K 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 a Circle K property for $2.3 million.
  • The property is located in a highly trafficked retail corridor in Illinois and is occupied under a triple net lease with the corporate operator.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties.
  • Additional information about FCPT can be found on the website at www.fcpt.com .

FCPT Announces Acquisition of a Chili’s Restaurant Property for $2.8 Million

Retrieved on: 
Wednesday, June 16, 2021
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Leasing, NNN lease, Real property law, NNN, 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 Chilis property for $2.8 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 Chilis property for $2.8 million.
  • The property is located in a strong retail corridor in Texas and is corporate-operated under a triple net lease with approximately nine years of term remaining.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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.

FCPT Announces Acquisition of a Two Property Portfolio for $2.7 Million

Retrieved on: 
Thursday, June 10, 2021
Commercial Building & Real Estate, Construction & Property, Restaurant, Bar, Automotive, Tires & Rubber, REIT, General Automotive, Retail, Leasing, NNN lease, Real property law, Real estate investing, Finance, Real estate, Land law

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 Chilis restaurant property and a Monro Auto Service and Tire Center property for $2.7 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 Chilis restaurant property and a Monro Auto Service and Tire Center property for $2.7 million.
  • The properties are located in a strong retail corridor in New York and are both corporate-operated under triple net ground leases with approximately four years of weighted average term remaining.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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.

Floridannn.com Net Lease Platform Attracting Real Estate Investors from High Tax States Relocating to Florida for Tax Savings

Retrieved on: 
Tuesday, May 11, 2021
Finance, Money, Real estate investment trust, Real estate investing, Investment trust, NNN, Tax, Economy, Legal entities, Investment, NNN lease, National Retail Properties

Florida nnn properties are in great demand as investors from high tax states with high tax rates have grown weary of paying expensive prices.

Key Points: 
  • Florida nnn properties are in great demand as investors from high tax states with high tax rates have grown weary of paying expensive prices.
  • They recognize investing in Florida as a profitable alternative to remaining in high tax states where tax rates have become a burden.\nFlorida nnn properties are considerably appealing and investors are migrating to Florida in record numbers to buy Florida income properties.
  • "\nAbout Income Realty Advisors Inc.:\nFlorida based commercial real estate Brokerage Company Income Realty Advisors Inc. operates the Floridannn.com net lease investment platform.
  • Clients include: Real Estate Developers of Publix, Whole Foods, CVS, 7-Eleven, TD Bank, Chase Bank, Real Estate Investment Trusts and High Net worth Individuals.\n'

Acquisitions Drive Year-Over-Year Growth

Retrieved on: 
Friday, May 7, 2021
Articles, Leasing, Contract law, Business law, Economy, Law, Insurance, Lease, Tax, Holy Grail, NNN lease

The lease requires Grail Project to pay all property related expenses including maintenance, insurance and taxes.

Key Points: 
  • The lease requires Grail Project to pay all property related expenses including maintenance, insurance and taxes.
  • After the initial 20-year term, the Grail Project Lease provides four, five-year renewal options.
  • The lease requires Dom F to pay all property related expenses including maintenance, insurance and taxes.
  • Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters.

STORE Capital to Participate in the Morgan Stanley Triple Net REIT Day

Retrieved on: 
Monday, April 5, 2021
Residential Building & Real Estate, Construction & Property, REIT, Finance, Money, Leasing, Real estate investment trust, Real estate, NNN lease, Real estate investing, Taxable REIT subsidiaries, Dream Office Real Estate Investment Trust

STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that its management will participate in the Morgan Stanley Triple Net REIT Day being held virtually April 8, 2021.

Key Points: 
  • STORE Capital Corporation (NYSE: STOR), an internally managed net-lease real estate investment trust (REIT) that invests in Single Tenant Operational Real Estate, today announced that its management will participate in the Morgan Stanley Triple Net REIT Day being held virtually April 8, 2021.
  • Management will be meeting with investors throughout the conference.
  • STORE Capital Corporation is an internally managed net-lease real estate investment trust, or REIT, that is the leader in the acquisition, investment and management of Single Tenant Operational Real Estate, which is its target market and the inspiration for its name.
  • Additional information about STORE Capital can be found on its website at www.storecapital.com .

FCPT Announces Acquisition of a Chili’s Restaurant Property for $2.0 Million

Retrieved on: 
Friday, March 26, 2021
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Leasing, NNN lease, Real property law, NNN, 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 Chilis restaurant property for $2.0 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 Chilis restaurant property for $2.0 million.
  • The property is located in a strong retail corridor in Virginia and is occupied under a triple net lease by a franchisee operator with approximately seven years of term remaining.
  • FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant 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.

FCPT Announces Acquisition of a Firestone Property for $3.5 Million

Retrieved on: 
Tuesday, February 23, 2021
REIT, Restaurant, Bar, Retail, Commercial Building & Real Estate, Construction & Property, Finance, Money, Leasing, Capitalization rate, Real estate valuation, Real estate investing, Real estate investment trust, NNN 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 Firestone property for $3.5 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 Firestone property for $3.5 million.
  • The property is located in a strong retail corridor in Missouri and is corporate-operated under a triple net lease with approximately six years of term remaining.
  • The transaction was priced at a 6.8% 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.