Deal snapshot: FCPT Acquires Chick-fil-A Property from Washington Prime Group for USD 3.5m.

MANews-(C)2009-2022

US-based real estate investment trust Four Corners Property Trust (NYSE: FCPT) has acquired a Chick-fil-A property for USD 3.5m, the firm said.

The property is located in a dense retail corridor in Connecticut and is corporate-operated with approximately fifteen years of term remaining. The transaction was priced at a cap rate in range...

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