Four Corners Property Trust Acquires Four Burger King Restaurant Properties

Four Corners Property Trust said late Wednesday it has acquired four Burger King properties leased to Cambridge Franchise Holdings for $7.7 million.

The properties are located in Tennessee and are occupied under new, individual triple-net leases with 20-year terms and above brand average performance.

The deal is a follow-on from a previous transaction with Cambridge in October at the same going-in cash cap rate. Cambridge is a 102-unit franchisee that will invest and renovate these properties over the next few years.

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