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FCPT Acquires North Carolina Buffalo Wild Wings Property for USD 1.4m
Friday 16 October 2020

California-based REIT Four Corners Property Trust (NYSE: FCPT) has acquired a corporate-operated Buffalo Wild Wings restaurant property in North Carolina for USD 1.4m, the company said.

The property is occupied under a triple-net lease with approximately four years of term remaining.

The transaction was priced at a 6.4% cash cap rate, exclusive of transaction costs.

FCPT is primarily engaged in the acquisition and leasing of restaurant properties. The company seeks to grow its portfolio by acquiring additional real estate to lease for use in the restaurant and retail industries.
Date Published: 16/10/2020