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Four Corners Property Trust Buys Burger King Property in Virginia for $1.7 Million
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Four Corners Property Trust Buys Burger King Property in Virginia for $1.7 Million
Dec 30, 2024 3:55 AM

06:36 AM EST, 12/30/2024 (MT Newswires) -- Four Corners Property Trust ( FCPT ) said late Friday it has acquired a Burger King property in Virginia for $1.7 million.

The property operates under a corporate long-term triple-net lease with 13 years remaining. The deal was secured at a 7.0% cap rate on rent, excluding transaction costs.

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