MILL VALLEY: Four Corners Property Trust announced the acquisition of a Chili’s restaurant property for $1.0 million. The property is located in a strong retail corridor in GA and is occupied under a new triple net lease to a franchisee operator with twenty years of term remaining with four, 5-year options and annual rent increases…
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FCPT acquires seven Chili’s Restaurant properties for $28.7 million
MILL VALLEY–(BUSINESS WIRE)–Four Corners Property Trust (FCPT), a real estate investment trust primarily engaged in the ownership of high-quality, net-leased restaurant properties, acquired seven corporate-operated Chili’s restaurant properties for $28.7 million. The properties are located in Colorado, Louisiana, Mississippi, Oklahoma, and Texas, and are occupied under triple-net leases with approximately 14 years of term remaining…