The property is located in Wisconsin and is occupied under a triple-net lease with approximately 8 years of term remaining. The transaction was priced at a 6.7% going-in cash cap rate, exclusive of transaction costs.
As part of the agreement, HMSHost will debut two new Panera airport locations, first at Charlotte Douglas International Airport's Concourse E, and soon to follow at Salt Lake City International Airport's Concourse A in 2020. Additional airport and travel plaza locations are slated to open throughout 2020 and beyond.
Four Corners Property Trust (NYSE:FCPT announced that it has signed a definitive agreement for the purchase of 20 additional outparcel properties from Washington Prime Group (NYSE: WPG), for a purchase price of approximately $37.8 million.
Walk-On's Bistreaux & Bar recently announced plans to launch expansion efforts throughout Georgia with a specific focus in the greater Atlanta metro area.
Sushi Sake, a popular late-night Asian cuisine hotspot in south Florida for over a decade, is spreading its Miami vibes across the nation.
Today, Popeyes Louisiana Kitchen Inc. (Popeyes) announced a new agreement to develop and open more than 1,500 Popeyes restaurants in the People's Republic of China over the next 10 years.
Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) and Denver-based Punch Bowl Social today announced they have entered into a strategic relationship, with Cracker Barrel taking a non-controlling position in the concept. Under the terms of the agreement, Cracker Barrel will invest up to approximately $140 million to acquire its initial non-controlling stake and to provide growth capital for future development.
Bar-B-Cutie SmokeHouse Plans 4th and 5th Locations in the Rio Grande Valley
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) confirmed it has received an unsolicited conditional proposal from Vintage Capital Management, LLC to acquire all of the outstanding common shares of Red Robin for $40.00 per share in cash.
Nine new locations opening in 2019 reinforce Joella's as the largest hot chicken restaurant brand in the US