FCPT Announces Sale-Leaseback of a Burger King Property from Ampler Restaurant Group for $2.1 Million
MILL VALLEY, Calif.--(BUSINESS WIRE)--Apr 4, 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 a Burger King property for $2.1 million from a previously announced sale-leaseback transaction with Ampler Restaurant Group. The property is located in a strong retail corridor in Kentucky and is franchisee-operated under a long-term, triple net lease with 20 years of term. The Ampler Restaurant Group portfolio was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs.
Inclusive of today’s acquisition, FCPT has acquired a total of 10 properties for $22.0 million related to the Ampler Restaurant Group portfolio announced in March 2025.
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/20250404235559/en/
CONTACT: Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Patrick Wernig, 415-965-8038
CFO
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA KENTUCKY
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY RESTAURANT/BAR OTHER RETAIL FINANCE PROFESSIONAL SERVICES REIT RETAIL
SOURCE: Four Corners Property Trust
Copyright Business Wire 2025.
PUB: 04/04/2025 04:59 PM/DISC: 04/04/2025 05:00 PM
http://www.businesswire.com/news/home/20250404235559/en
