FCPT Announces Sale Leaseback of Eight Sonic Drive-In Properties for $10.6 Million

The properties are located in Kentucky and are occupied under a triple net master lease to Soar QSR, a Sonic franchisee and subsidiary of CMG Companies, one of the largest multi-unit franchise operators in the United States, with 20 years of term and 1.5% annual rent increases.
Source: New feed


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