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FCPT announces acquisition of a Buffalo Wild Wings restaurant property for $3.6M

Published 07/17/2018, 06:21 AM
© Reuters.  FCPT announces acquisition of a Buffalo Wild Wings restaurant property for $3.6M
FCPT
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  • Four Corners Property Trust (NYSE:FCPT) announced the acquisition of a corporate-leased Buffalo Wild Wings (BWLD) restaurant property for $3.6M, located in Austin, TX, and is occupied under a triple-net lease with approximately 6 years of term remaining and a rent escalation of 2.0% annualized. T
  • The transaction was priced at a 6.9% going-in cash cap rate, exclusive of transaction costs.


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