Four Corners Property Trust Reveals Acquisition Of A Buffalo Wild Wings Property For $2.5M
Portfolio Pulse from Benzinga Newsdesk
Four Corners Property Trust (FCPT) has acquired a Buffalo Wild Wings property in Texas for $2.5 million. The property is located in a high-traffic area and is corporate-operated under a net lease. The transaction was priced at a cap rate consistent with previous FCPT transactions.
July 18, 2024 | 9:59 pm
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Four Corners Property Trust (FCPT) has acquired a Buffalo Wild Wings property in Texas for $2.5 million. The property is located in a high-traffic area and is corporate-operated under a net lease. The transaction was priced at a cap rate consistent with previous FCPT transactions.
The acquisition of a property in a high-traffic area under a net lease is likely to positively impact FCPT's revenue and asset portfolio. The consistent cap rate with previous transactions suggests stable investment returns.
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