Published On: Sat, May 8th, 2021

Four Corners Property Trust acquires six NTB branded properties

Tagged with: | | | | | |

Four Corners Property Trust (FCPT) has acquired half a dozen (NTB) branded properties in and for a sum of $11.6 million.

The (REIT) said that the acquired assets are corporate-operated under triple net leases with nearly three years of weighted average term left.

The portfolio was valued at a capitalization rate of 7.6%, exclusive of the costs of the transaction.

Four Corners Property Trust acquires six NTB branded properties

Four Corners Property Trust acquires six NTB branded properties. Photo courtesy of Tumisu from Pixabay.

Based in Mill Valley, California, Four Corners Property Trust is engaged mainly in the acquisition and leasing of restaurant assets.

Related posts

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Recent Posts