FCPT Resorts to Sale-Leaseback With Burger King Properties' Buyout

Key Takeaways FCPT bought four Burger King properties for $8.1M at a 6.8% cap rate through a sale-leaseback.New properties in Ohio, Kentucky and Virginia are under 19-year triple-net franchise leases.Over 12 months, FCPT acquired $344M in properties, diversifying into new brands and sectors.Four Corners Property Trust (FCPT) recently announced the purchase of four Burger King properties through a sale-leaseback for $8.1 million from Ampler Restaurant Group. The move highlights FCPT’s expansionary efforts to ...