Development

he transaction was priced at a cap rate in range with previous FCPT transactions. The portfolio includes six single tenant restaurant properties and one non-restaurant retail property (AT&T, BJ’s Brewhouse, Hook & Reel, IHOP, Krispy Kreme, Taco Bell, and an additional restaurant).

Southeastern-based drive-thru coffee franchise, Ellianos Coffee, announced that it officially reached the 100-store milestone earlier this month when it welcomed its latest franchisee to the franchise 'family.'

Tasty Brands, LP an affiliate of Triton Pacific, announcedlast week that its portfolio company, Tasty Hut, LLC, recently completed the acquisition of 27 franchised Pizza Hut restaurants, located across four states in the Appalachian region of the U.S.

Panera Will Continue to Prepare for and Explore an IPO, as Market Conditions Improve

The property is located in a strong retail corridor in Maryland and is occupied under a triple net lease to the corporate entity with approximately 4 years of term remaining.

Signs Development Agreements to Expand Across Multiple Markets Throughout the State

New development deal to bring 5 locations to the Orange County area

Chicken Salad Chick has announced the signing of franchise agreements that will bring nearly 20 new restaurants to Texas over the next five years.

Today, Church’s Texas Chicken announced it is expanding with two new locations opening in Ontario under franchisee Mian Nadeem, adding to Nadeem’s existing five locations.

The property is located in Florida and is operated by Darden Restaurants. The transaction was priced at a 4.5% cap rate on current rent, exclusive of transaction costs, and will result in a gain to FCPT.