FCPT Announces Acquisition of Three Mo’Bettahs Properties for $6.6 Million
22 Junho 2023 - 5:05PM
Business Wire
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 three Mo’Bettahs properties for $6.6 million. Established in
2008, Mo’Bettahs is a Hawaiian-style quick service restaurant
backed by Savory Brands. The properties are newly constructed and
located in strong retail corridors in Kansas, Missouri, and
Oklahoma and are occupied under a long-term, triple net lease with
approximately 15 years of term remaining. The transaction was
priced at a cap rate in range with previous FCPT transactions.
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate
investment trust primarily engaged in the ownership, acquisition
and leasing of 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.
Additional information about FCPT can be found on the website at
www.fcpt.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230621202206/en/
Four Corners Property Trust: Bill Lenehan, 415-965-8031 CEO
Gerry Morgan, 415-965-8032 CFO
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