2023-06-22 17:09:39 ET
- Four Corners Property Trust ( NYSE: FCPT ) on Thursday said it had acquired three Mo’Bettahs properties for $6.6M.
- "The transaction was priced at a cap rate in range with previous FCPT transactions," the company said in a statement .
- According to FCPT, Mo’Bettahs is a Hawaiian-style quick service restaurant that was established in 2008 and is backed by Savory Brands.
- FCPT added that the properties were newly constructed and located in retail corridors in Kansas, Missouri, and Oklahoma and are occupied under a long-term, triple net lease with about 15 years of term remaining.
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Four Corners Property Trust buys three Mo’Bettahs properties for $6.6M