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FCPT Announces Disposition Of A Red Lobster Property For $3.8M

Author: Benzinga Newsdesk | October 03, 2023 02:28am

The property is located in Kentucky and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions. The Company plans to repurpose the proceeds into new investment opportunities consistent with FCPT thresholds.

Posted In: FCPT


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