Four Corners Property Trust Inc. (FCPT), a real estate investment trust, has announced the acquisition of four Burger King properties for $8.1 million through a sale-leaseback agreement with Ampler Restaurant Group. These properties are newly constructed and located in vibrant retail areas across Ohio, Kentucky, and Virginia. They are operated by franchisees under long-term, triple net leases, with an average of 19 years remaining. The transaction was completed at a 6.8% capitalization rate, not including transaction costs.
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