MILL VALLEY, Calif.–(BUSINESS WIRE)–4 Corners Belongings Believe (NYSE:FCPT), an actual property funding accept as true with basically engaged within the possession of top quality, net-leased eating place homes (“FCPT” or the “Corporate”), is happy to announce the purchase of a Chili’s eating place assets and a Monro Auto Carrier and Tire Heart assets for $2.7 million. The homes are positioned in a robust retail hall in New York and are each corporate-operated beneath triple internet floor rentals with roughly 4 years of weighted reasonable time period last. The transaction was once priced at a 7.0% capitalization fee, unique of transaction prices.
FCPT, headquartered in Mill Valley, CA, is an actual property funding accept as true with basically engaged within the acquisition and leasing of eating place homes. The Corporate seeks to develop its portfolio through obtaining further actual property to rent, on a internet foundation, to be used within the eating place and retail industries. Further details about FCPT may also be discovered at the web page at www.fcpt.com.
4 Corners Belongings Believe:
Invoice Lenehan, 415-965-8031
Gerry Morgan, 415-965-8032