Four Corners Property Trust (FCPT) is pleased to announce the acquisition of a Burger King property for $1.6M. The property is located in a strong retail corridor in Minnesota and franchisee-operated by Dhanani Group under a triple net lease with approximately six years of term remaining. Dhanani Group is one of the largest restaurant franchise operators in the United States, operating more than 500 Burger King restaurants and over 800 locations across multiple restaurant brands. The transaction was priced at a 7.4% cap rate on rent as of the closing date and exclusive of transaction costs.
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