Four Corners Property Trust Acquires $8.1M Burger King Properties via Sale-Leaseback Deal

Four Corners Property Trust has acquired four Burger King properties from Ampler Restaurant Group via sale-leaseback for $8.1 million. The properties, located in Ohio, Kentucky, and Virginia, are newly constructed and operated under long-term, triple net leases with a weighted average of 19 years remaining. The transaction was priced at a 6.8% cap rate on rent as of the closing date.

Four Corners Property Trust (FCPT), a real estate investment trust (REIT) primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties, has announced the acquisition of four Burger King properties from Ampler Restaurant Group via sale-leaseback for $8.1 million. The properties are newly constructed and located in strong retail corridors in Ohio, Kentucky, and Virginia. They are franchisee-operated under long-term, triple net leases with a weighted average of 19 years remaining. The transaction was priced at a 6.8% cap rate on rent as of the closing date [1].

FCPT, headquartered in Mill Valley, CA, specializes in acquiring and leasing restaurant and retail properties to grow its portfolio. This acquisition aligns with the company's strategy to expand its holdings and maintain a strong presence in the restaurant and retail industries [1].

The properties acquired by FCPT are prime locations, operating under long-term leases that provide stable rental income. The triple net lease structure means that the tenants are responsible for property taxes, insurance, and maintenance, which can reduce the company's operating expenses. The weighted average lease term of 19 years provides FCPT with a significant period of predictable cash flows [1].

The cap rate of 6.8% reflects the market's valuation of the rental income generated by these properties. This rate is a standard metric used to evaluate the potential return on investment for real estate properties. The sale-leaseback arrangement allows FCPT to acquire the properties while retaining the benefits of long-term leases [1].

FCPT's latest acquisition follows a series of recent deals, including the purchase of Mavis Tire and Caribou Coffee properties. The company's strategy of acquiring high-quality, net-leased properties continues to drive its growth and generate stable returns for investors [2].

References:
[1] https://finance.yahoo.com/news/fcpt-announces-sale-leaseback-four-215600495.html
[2] https://www.morningstar.com/news/business-wire/20250813982463/fcpt-announces-sale-leaseback-of-four-burger-king-properties-from-ampler-restaurant-group-for-81-million