2023-06-23 02:40:18 ET
- Four Corners Property Trust ( NYSE: FCPT ) has acquired a Bojangles’ property for $1.4 million.
- "The transaction was priced at a 6.7% cap rate on rent as of the closing date, exclusive of transaction costs," the company said in a statement .
- The property is located in a strong retail corridor in North Carolina and is occupied under a triple net lease with approximately 10 years of term remaining.
- Earlier, Four Corners Property Trust buys three Mo’Bettahs properties for $6.6M .
For further details see:
Four Corners Property Trust acquires Bojangles property for $1.4M