FCPT Announces Acquisition of a Buffalo Wild Wings Property for $2.8 Million | FCPT Stock News
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Four Corners Property Trust (FCPT) has announced the acquisition of a Buffalo Wild Wings property for $2.8 million. The property, located in New Mexico, is corporate-operated under a long-term, triple net lease with approximately nine years remaining. The transaction was priced at a 6.8% cap rate on rent as of the closing date. FCPT focuses on acquiring high-quality, net-leased restaurant and retail properties to grow its portfolio.
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