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Four Corners Property Trust acquires Dairy Queen restaurant

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Staff Writer | October 21, 2016
Dairy Queen
Food industry   The restaurant is occupied under a triple-net lease

Four Corners Property Trust announced the acquisition of a Dairy Queen restaurant in Tulsa, Oklahoma for $2.6 million.

The restaurant is occupied under a triple-net lease with approximately 18 years of term remaining, and the transaction closed at a going-in cash cap rate of 6.6%, exclusive of transaction costs.

The property performs well-above national average for the brand, is located in a well-trafficked retail corridor, and the tenant is one of the largest franchisees for Dairy Queen nationwide.


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