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Fcpt Announces Acquisition Of A Cooper’S Hawk Restaurant Property For $6.9 Million

Fcpt Announces Acquisition Of A Cooper’S Hawk Restaurant Property For $6.9 Million

12/20/22, 12:08 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmill valley
Industry
real estate
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 Cooper’s Hawk Restaurant property for $6.9 million. Cooper’s Hawk is a fine dining restaurant brand with over 60 locations concentrated in the Midwest, Florida and the Mid-Atlantic. The property is newly constructed and located in a highly trafficked corridor in Illinois and is under a long-term, triple net lease with approximately 16 years of term remaining. The transaction was priced at a 6.6% cap rate on rent as of the closing and exclusive of transaction costs.

Company Info

Company
FCPT
Location
Mill Valley, California, United States
Company info
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. 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.

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