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14.08.25 - 00:00
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FCPT Announces Sale-Leaseback of Four Burger King Properties from Ampler Restaurant Group for $8.1 Million (Business Wire)
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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 (“FCPT” or the “Company”), is pleased to announce the acquisition of four Burger King properties for $8.1 million from Ampler Restaurant Group via sale-leaseback. The properties are newly constructed and located in strong retail corridors in Ohio, Kentucky, and Virginia and are franchisee-operated under long term, triple net leases with a weighted average 19 years of term remaining. The transaction was priced at a 6.8% cap rate on rent as of the closing date and exclusive of transaction costs.
About FCPT
FCPT, 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...
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07.08.25 - 15:00
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TSX Today: What to Watch for in Stocks on Thursday, August 7 (Fool)
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The TSX looks to hold its record-setting momentum today as earnings from heavyweights like Restaurant Brands, BCE, Brookfield, and Canadian Natural Resources take centre stage.
The post TSX Today: What to Watch for in Stocks on Thursday, August 7 appeared first on The Motley Fool Canada....
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07.08.25 - 01:30
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Yum China raises target for opening mainland coffee shops (SCMP)
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Yum China Holdings, owner of the KFC and Pizza Hut restaurant brands on the mainland, has raised its target for opening new coffee shops as a cafe culture has spurred consumer spending.
The company was expected to operate 1,700 KCoffee cafes across the country by the end of 2025, up from the previous target of 1,500 outlets, according to CEO Joey Wat.
“KCoffee Cafes have been effective in driving incremental traffic, sales and profit,” she said at a briefing on Tuesday evening, according to a......
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