FCPT Announces Acquisition of a Cooper’s Hawk Restaurant Property for $9.1 Million
Four Corners Property Trust (FCPT) acquired a Cooper's Hawk restaurant property in Michigan for $9.1 million. The property sits in a strong retail corridor and is corporate-operated under a long-term triple net lease with ten years of term remaining, priced at a 6.6% cap rate on closing-date rent, excluding transaction costs.
Key figures
- Deal Value Usd
- 9100000
- Tenant
- Cooper's Hawk (corporate-operated)
- Cap rate
- 6.6%
- Lease type
- triple net
- Property location
- Michigan
- Lease term remaining
- 10 years
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.