Four Corners Property Trust Inc. (FCPT) has announced the acquisition of two Caribou Coffee properties for $2.8 million. These properties, located in high-traffic areas in Wisconsin, are corporate-operated under long-term, triple net leases with approximately seven years remaining. The transaction was completed at a 7.3% cap rate on rent, excluding transaction costs. FCPT, a real estate investment trust focused on high-quality, net-leased restaurant and retail properties, continues to expand its portfolio with this latest acquisition.
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