Four Corners Property Trust (FCPT) announced the acquisition of a United Rentals property and a Buffalo Wild Wings property for $5.4M. The properties are located in highly trafficked corridors in Alabama and Kentucky, respectively, and corporate-operated under long term, net leases with a weighted average of nine years of term remaining. The transaction was priced at a 6.9% cap rate on rent as of the closing date and exclusive of transaction costs.
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