{"id":864352,"date":"2023-02-16T06:04:04","date_gmt":"2023-02-16T05:04:04","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/fcpt-announces-disposition-of-a-burger-king-property-for-2-4-million\/"},"modified":"2023-02-16T06:04:04","modified_gmt":"2023-02-16T05:04:04","slug":"fcpt-announces-disposition-of-a-burger-king-property-for-2-4-million","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/fcpt-announces-disposition-of-a-burger-king-property-for-2-4-million\/","title":{"rendered":"FCPT Announces Disposition of a Burger King Property for $2.4 Million"},"content":{"rendered":"MILL VALLEY, Calif.--(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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the disposition of a Burger King property for $2.4 million. The property is located in Alabama and is operated by Carrols Restaurant Group under a triple net lease with approximately fourteen years of term remaining. The transaction was priced at a 5.7% cap rate on current rent, exclusive of transaction costs, and will result in an immaterial gain to FCPT. The company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds.\n
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MILL VALLEY, Calif.–(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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the disposition of a Burger King property for $2.4 million. The property is located in Alabama and is operated by […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49630],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-864352","post","type-post","status-publish","format-standard","hentry","category-real-estate-in-asia-pacific"],"acf":[],"yoast_head":"\nFCPT Announces Disposition of a Burger King Property for $2.4 Million - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/real-estate-in-asia-pacific\/fcpt-announces-disposition-of-a-burger-king-property-for-2-4-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FCPT Announces Disposition of a Burger King Property for $2.4 Million - BeBeez\" \/>\n<meta property=\"og:description\" content=\"MILL VALLEY, Calif.--(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 (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the disposition of a Burger King property for $2.4 million. 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