FCPT Announces Sale-Leaseback of Nine Burger King Properties from Ampler Restaurant Group for $19.9 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Mar 31, 2025--
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 (“FCPT” or the “Company”), is pleased to announce the acquisition of nine Burger King properties for $19.9 million from Ampler Restaurant Group via sale-leaseback. The properties are located in strong retail corridors in Tennessee and are franchisee-operated under long-term, triple net leases with 20 years of term. The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs.
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.
Category: Acquisition
View source version on businesswire.com:https://www.businesswire.com/news/home/20250331614901/en/
CONTACT: Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEOPatrick Wernig, 415-965-8038
CFO
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA TENNESSEE
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY RESTAURANT/BAR OTHER RETAIL FINANCE PROFESSIONAL SERVICES REIT RETAIL
SOURCE: Four Corners Property Trust
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PUB: 03/31/2025 06:34 PM/DISC: 03/31/2025 06:34 PM
http://www.businesswire.com/news/home/20250331614901/en
