MILL VALLEY, Calif. – Four Corners Property Trust (FCPT), a real estate investment trust focused on acquiring high-quality, net-leased restaurant and retail properties, has just announced the acquisition of four Cheddar’s Scratch Kitchen locations for $14.7 million. The properties are strategically located in prime retail corridors across Kentucky (2), Indiana (1), and Virginia (1). All four locations are corporate-operated and benefit from long-term triple net leases, a structure often favored for its predictable cash flow. The transaction was completed at a cap rate consistent with previous FCPT acquisitions.
Building the Portfolio
Headquartered in Mill Valley, CA, FCPT continues to expand its portfolio through the acquisition and leasing of properties within the restaurant and retail sectors. The REIT’s strategy centers on net-lease agreements, offering a streamlined approach and minimizing operational responsibilities. These deals highlight a smart use of resources and a clear focus on reliable, long-term revenue streams.
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