Four Corners Property Trust (FCPT) is pleased to announce the acquisition of a Burger King property for $1.7M. The property is located in a strong retail corridor in Virginia and under a corporate long-term, triple net lease with approximately 13 years of term remaining. The transaction was priced at a 7.0% cap rate on rent as of the closing date and exclusive of transaction costs. Including this acquisition, FCPT completed real estate acquisitions of 87 properties in 2024 for a total investment of approximately $265M, exclusive of transaction costs.
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