Fcpt Announces Acquisition Of A Cheesecake Factory Property And A Dual-Tenant Starbucks And At&T Property For $12.3 Million
Acquiring Company
Four Corners Property Trust
Acquired Company
Cheesecake Factory Property
Mill ValleySeattleReal EstateHospitalityFood and BeverageHospitalityRetailDescription
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 Cheesecake Factory property and a dual-tenant Starbucks and AT&T property for $12.3 million. The properties are located in a highly trafficked corridor in Kansas and are corporate-operated under net leases with a weighted average of approximately seven years of term remaining. The transaction was priced at a 6.6% cap rate, exclusive of transaction costs.
Quick answer
Four Corners Property Trust is acquiring Cheesecake Factory Property and Starbucks for $12.3 million, announced December 2, 2022. Four Corners Property Trust is based in Mill Valley, California, United States.
- How much did Four Corners Property Trust pay for Cheesecake Factory Property?
- The reported deal value is $12.3 million.
- What does Four Corners Property Trust do?
- Four Corners Property Trust (FCPT) is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of high-quality, net-leased restaurant and retail properties.
- Where are Four Corners Property Trust and Cheesecake Factory Property based?
- Four Corners Property Trust is based in Mill Valley, California, United States.
- Who are the decision-makers at Four Corners Property Trust?
- Fundz holds 4 contacts at Four Corners Property Trust. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Four Corners Property Trust, and when
When Four Corners Property Trust changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Four Corners Property Trust raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Four Corners Property Trust, from your own LinkedIn network
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Frequently asked
Who acquired Cheesecake Factory Property?
Cheesecake Factory Property was acquired by Four Corners Property Trust, based in Mill Valley. The deal was reported on December 2, 2022. Four Corners Property Trust (FCPT) is a real estate investment trust primarily engaged in the ownership, acquisition, and leasing of high-quality, net-leased restaurant and retail properties. Four Corners Property Trust is publicly traded (FCPT) and operates in Real Estate.
When did Four Corners Property Trust acquire Cheesecake Factory Property?
Four Corners Property Trust's acquisition of Cheesecake Factory Property was reported on December 2, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Cheesecake Factory Property do?
Cheesecake Factory Property is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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