{"id":765576,"date":"2023-06-22T16:09:02","date_gmt":"2023-06-22T20:09:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-three-mobettahs-properties-for-6-6-million\/"},"modified":"2023-06-22T16:09:02","modified_gmt":"2023-06-22T20:09:02","slug":"fcpt-announces-acquisition-of-three-mobettahs-properties-for-6-6-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-three-mobettahs-properties-for-6-6-million\/","title":{"rendered":"FCPT Announces Acquisition of Three Mo\u2019Bettahs Properties for $6.6 Million"},"content":{"rendered":"

<\/p>\n

FCPT Announces Acquisition of Three Mo\u2019Bettahs Properties for $6.6 Million<\/b><\/p>\n

MILL VALLEY, Calif.–(BUSINESS WIRE<\/a>)–
\nFour Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of three Mo\u2019Bettahs properties for $6.6 million. Established in 2008, Mo\u2019Bettahs is a Hawaiian-style quick service restaurant backed by Savory Brands. The properties are newly constructed and located in strong retail corridors in Kansas, Missouri, and Oklahoma and are occupied under a long-term, triple net lease with approximately 15 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions.\n<\/p>\n

About FCPT<\/b><\/p>\n

\nFCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230621202206\/en\/<\/a><\/span><\/p>\n

\nFour Corners Property Trust:
\n
Bill Lenehan, 415-965-8031
\n
CEO<\/p>\n

Gerry Morgan, 415-965-8032
\n
CFO\n<\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> REIT Restaurant\/Bar Retail Commercial Building & Real Estate Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

FCPT Announces Acquisition of Three Mo\u2019Bettahs Properties for $6.6 Million MILL VALLEY, Calif.–(BUSINESS WIRE)– Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of three Mo\u2019Bettahs properties for $6.6 million. Established in 2008, Mo\u2019Bettahs is a Hawaiian-style quick service restaurant backed by Savory Brands. The properties are newly constructed and located in strong retail corridors in Kansas, Missouri, and Oklahoma and are occupied under a long-term, triple net lease with approximately 15 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions. About FCPT FCPT, headquartered in … <\/p>\n

Continue reading “FCPT Announces Acquisition of Three Mo\u2019Bettahs Properties for $6.6 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765576","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFCPT Announces Acquisition of Three Mo\u2019Bettahs Properties for $6.6 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fcpt-announces-acquisition-of-three-mobettahs-properties-for-6-6-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FCPT Announces Acquisition of Three Mo\u2019Bettahs Properties for $6.6 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FCPT Announces Acquisition of Three Mo\u2019Bettahs Properties for $6.6 Million MILL VALLEY, Calif.–(BUSINESS WIRE)– Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (\u201cFCPT\u201d or the \u201cCompany\u201d), is pleased to announce the acquisition of three Mo\u2019Bettahs properties for $6.6 million. Established in 2008, Mo\u2019Bettahs is a Hawaiian-style quick service restaurant backed by Savory Brands. The properties are newly constructed and located in strong retail corridors in Kansas, Missouri, and Oklahoma and are occupied under a long-term, triple net lease with approximately 15 years of term remaining. The transaction was priced at a cap rate in range with previous FCPT transactions. 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