Four Corners Property Trust announced 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.
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Apr. 11 | Four Corners Property Trust, Inc. acquired Banfield Pet Hospital property in Lowa for $2.4 million. | CI |
Mar. 26 | Four Corners Property Trust Acquires $2 Million Property in Alabama | MT |
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- Four Corners Property Trust Announces the Acquisition of A Cheesecake Factory Property and A Dual-Tenant Starbucks and At&T Property for $12.3 Million