trending Market Intelligence /marketintelligence/en/news-insights/trending/gd9wwwhezrgmfsmywyl70a2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Four Corners Property Trust closes $150M purchase of 46 Chili's restaurants

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

What’s next in Cloud?

Blog

Global M&A Infographic Q1 2021

Blog

Real Estate News & Analysis: April Edition


Four Corners Property Trust closes $150M purchase of 46 Chili's restaurants

Four Corners Property Trust finalized its acquisition of 46 Chili's restaurants in a $149.8 million sale-leaseback deal with certain units of Brinker International Inc.

The purchase price was based on initial annual cash rent of about $9.5 million.

The net-lease restaurant real estate investment trust said it may buy up to two additional properties in the near term, which would bring the transaction size to 48 properties for $155.7 million, based on approximately $9.9 million of initial annual cash rent.