Four Corners Property announces the acquisition of a City Barbeque property for $2.6 million. City Barbeque is a 25-year-old fast casual barbeque concept with approximately 75 units primarily serving the Southeast and Midwest. The property is under a long-term, triple net corporate lease with approximately 11 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FCPT:
- Four Corners Property Trust initiated with an Equal Weight at Barclays
- Four Corners Property Trust price target raised to $32 from $30 at Wells Fargo
- Four Corners Property Trust acquires NAPA Auto Parts property for $2.0M
- Four Corners Property acquires five Outback Steakhouse properties for $19.7M
- Four Corners Property Trust acquires three properties for $6.6M