Four Corners Property Trust (FCPT) said late Friday it acquired six Whataburger properties in Alabama for $16.8 million from MWB Restaurants through sale-leaseback.

The properties are franchisee-operated under long-term, triple net leases with a remaining term of about 20 years, the real estate investment trust said.

Four Corners Property Trust said the deal was priced at a 6.8% cap rate on rent as of the closing date and excludes transaction costs.